Knowing too much can be a curse

[(Hummus)]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

[BIT-BENDER]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

How can focusing on what you know make you a slouch? Focusing on what you know shouldn't make anyone reluctant to start at all. If a diligent entrepreneur focuses on what they know it would help them staff quickly rather than waiting for the perfect time to have don research and all of that.

Researching is important but if you have some knowledge already you can start but while you begin you can still continuously always improve with more research and knowledge.

[Zlantann]

I like this quote from Mark Victor Hansen: "Don't wait until everything is just right. It will never be perfect. There will always be challenges, obstacles, and less-than-perfect conditions. So what. Get started now."

In most cases, we learn from experience. You cannot figure everything out in businesses or other endeavours until you start. Most successful business owners started with what was available, made mistakes, corrected them, and kept improving. I am a victim of perfectionism, and it has affected me negatively.

Now I have learned to start with what I have and learn in the process because I cannot figure out everything before beginning.

[Dareo]

However, when it comes to crypto trading or investing. Compared to all other types of businesses, trading in crypto poses a lot of risks, If you just dare to enter the field here, there is a fear that the entire capital will be zero due to the wrong decision. But instead of sitting idle and trying to achieve perfection, you must begin doing things practically using small amounts of capital. This increases practical experience, and even if you make a mistake in the beginning, you don't have to suffer a big financial loss. It is not possible to know the market only by observing it, rather it becomes necessary to invest some capital from your own pocket.

[viljy]

Well, soon such a problem won’t exist at all. The other day, Jensen Huang predicted the advent of the era of low IQ. People will have no need for knowledge at all, since AI will provide answers to any question. Then everyone will immediately start doing business without any training or knowledge. Since all businesses will be managed by AI, everyone’s business will be successful! And then everyone will become rich.

Well, that’s a joke, of course. OP means that excessive knowledge leads to perfectionism, and that’s a hindrance. Well, I disagree with that. I’ve seen a lot of "masters" who wanted to "learn as they go", "solve problems as they come up", and it all ended with a result in the style of "It’ll do!"

[Sticky Bomb]

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

Not having an actionable mindset is mostly mistook for caution. If you've got your convictions about a definite investment vehicle, you should take action. You can always start very small and build confidence overtime, then you can increase your stakes. Sometimes, you gotta trust the advice of professionals already successful in the field and start your own journey. You mustn't figure everything out on the inception as no idea comes out fully formed, you've to start and make proper amends along the way. I always like to be optimistic with a promising business venture, but that doesn't stop me from doing my due diligence on how original the investment is and ensuring I'm not taking action out of desperation or greed.

[_act_]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

You are not right at all. Have you not heard people saying knowledge is power? If you know about a particular thing very well, you will be good in that thing and that can push you to begin the thing than to be procrastinating. Unlike someone that do not know about it, although there is nothing bad to acquire knowledge about the thing, if you want to know about the thing and make it have good impact in your life.

[Oasisman]

I don't think one will acquire the "too much knowledge" as you said if they didn't act and execute every business/investment ideas they came up with.
So, that means, they already have done something before becoming "too knowledgeable", right?
If one is just starting up, all the things he learned from the research is not the "actual" knowledge. Real knowledge comes from a lot of experiences. That's the reason why some newbies are too afraid to make their first move because they think they are not ready, and that means they have doubt whether they learned the right knowledge or not.

[Olatundespo]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

For example, if we consider the issue of crypto investment, none of us who are new to it are perfect. We will have to be regular and deposit Bitcoin for many more years. Experience is not gained in a day and no matter how perfect an investor tries to be, they will never be perfect. Making mistakes in investing is a natural thing for every investor.

A natural thing in investing is making mistakes, everyone makes mistakes but if someone says they don't make mistakes, they are probably not right. Some of the experienced investors try to be perfect in making decisions and they are successful in some cases but it is never possible to be 100% successful.

One of the reasons why many invest but not all of them are successful is because they lack patience and show excessive excitement. To be successful in investing, mistakes can be made but you must also try to correct those mistakes, only then can you be successful in investing. If you repeat the same mistakes over and over again, you may never be a successful investor. Others will discourage you but you have to analyze the investment and make the best decision and succeed.

[Marvelockg]

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

You are absolutely correct and this partly contribute to the reason why the average people in class ends up succeeding in real life than most of the Alpha student who are used to perfect or ideal things. getting knowledge is key because in the long run, it places you above your competitors but there is another knowledge that comes from experience and that is mostly attainable during the process when you have probably kickstart the business.

It is just like learning in the forum. if you want to know everything about bitcoin before posting on the forum, your learning process is going to be pretty slow. get the foundation and learn the rest on the journey and you will do just fine.

[IcaroAugusto]

This is so true. I've seen too many people get stuck in the research phase forever, when starting small and learning along the way is what actually moves the needle.

[Dave1]

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

First, nobody is perfect here, so don't try to aim for that. There will be flaws regardless on how you plan everything. There could be circumstances that you can't control. But the thing is that how you recover and bounce back from those damage that you encounter in the beginning.

I disagree though about too much knowledge might harm you. In the long run it could really benefit you if you know how to channel it. We have successful people like Elon or Bill Gates or early visionary that have so much knowledge and they did turn it into positive thoughts that's why they are successful.

[Donk1]

Well I like to bring up one major fact, which is we humans differ a lot and we all have what is pushing us in life. Unlike others I like telling myself that I am not doing enough, and at times it bothers me a lot even if I know that I am putting in effort. But then I think about it compared to folks who aren't doing anything at all at least I am trying. But I don't actually let those thoughts get to me because it might cause me to feel relaxed. The point here is that no matter how far a person goes, you can never do enough to feel enough so you keep pushing. But to do that, you have to be honest and willing to execute, which is taking a step at a time even if it's a little it can come in handy in the future. So that's just how it is. That's all........

[Gozie51]

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

I see this as an advise for people and especially for who ever is procrastinating to start up anything new or business. The earlier the better, there is a reason they say that. And, "what matters is not how many times you fall but how many times you get back up", there is another saying that " nobody is perfect" which connotes that in human life, there are errors and flaws that makes them as a result of the vicissitudes and struggles of life. Therefore, no business plans is perfect but there will be room for adjustment. So waiting for a perfect timing may not be realistic, the perfect timing is just as perfect as when you start with that business.

[Makus]

While having knowledge is important it can also be a problem just like you said, it becomes a problem because instead of taking action they tend to ask too many questions based on what they know. Waiting for things to be perfect just the way you understand it to be is only going to be a delay to you. A lot of successful people today didn't really have a perfect start, they just put in effort to and got better overtime. Looking at things based on the knowledge that you have would make you have self doubt until you end up not doing anything. If you don't gain experience you cannot learn the actual things that you need to know. You can have the knowledge but when there's no execution it's of no use.

[Fragrance1122]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

if you keep on waiting for it to be perfect you might just spend years doing nothing, but when you execute even though it's not perfect you can gradually make improvements. The standard of what you are starting doesn't have to be as perfect as what you picture in your head, this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

You need to choose the correct one accordingly to the trending. A statement is famous in our area that clever bird can't be caught but once caught it is tied up of both legs because of it's over confidence. Being sharp doesn't mean you are always perfect. The SWOT analysis i-e strength, weakness, opportunity and threats ought to be studied before going in to a business. Target market is very necessary. Sometime you need to keep your speciality by side for your backup. Do start a work that you think, you are the best in. Don't set on two boats at a time or else the consequences can be harsh.

[knowngunman]

this is why too much knowledge on a particular thing keeps people limited, they see flaw and error in everything or assume it's not good enough.

I disagree with this absolutely. Knowledge does not limit people, people limit themselves for misusing the knowledge they acquired. If your knowledge is limiting you because you think starting is not the perfect step yet then you really have not learned enough.

If you have learn so well, you should know that perfection is just a word that exists in written but not in reality. There's nothing like perfection in any aspects you can think of. Not in business or whatever. You can only do your best and keep on improving as you advance in the area you venture into. Your knowledge is useless if you can not execute it waiting for perfection when there's no perfection without practice.

I might agree with you if you say risk tolerance keep people waiting despite knowing too much.

[SatsPH]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

I have to disagree, if you have this kind of mindset then you won't succeed. Everything should be in your mind, if you think negatively then that what's the result that you are going to get.

So if you feel reluctant, then that is a sign of negativity and that is what you are going to attract for your business or anything that you describe. But if you keep being optimistic that everything will work in your way, it might be very hard. But still at the end of the day, success could be just around the corner if you start everything inside your mind.

[arwin100]

When we intend to start up something be it business, crypto minvestment, trading and other things acquiring knowledge or doing research is the first step to take before starting up any of these but when you start focusing on the things you have learnt about all of these you start feeling reluctant to execute because there's a standard you set in your head and you will always think that you are not ready yet because you know too much.

I have to disagree, if you have this kind of mindset then you won't succeed. Everything should be in your mind, if you think negatively then that what's the result that you are going to get.

So if you feel reluctant, then that is a sign of negativity and that is what you are going to attract for your business or anything that you describe. But if you keep being optimistic that everything will work in your way, it might be very hard. But still at the end of the day, success could be just around the corner if you start everything inside your mind.

The problem with his statement is actually that he focus on negative things about doing research, because this is actually what we need to do. Investing blindly on things we don't know will not give us any great result. For having no knowledge, we might also drop some wrong conclusion about the investment options we have tried.

So best to focus learning the basic things and start when you already gain enough knowledge. For sure there are many things to pick up once they are already in the process of investment. Making mistake on first try is sometimes unavoidable, but if they are eager to learn and correct all the mistakes they made. There's better chance that they became more better and knowledgeable investor in future.

[ruykeri]

It is not possible to know everything before starting any business. It takes a lot of time to do this. That is why you should not stop investing. If an investor wants to invest in a new asset or start a new business, then he should invest with a small amount to learn more ideas. After that, experience will be gained over time, if you make a mistake, you can learn from it and manage it properly later. But if you invest with a large amount in the beginning, then if you make a loss, you may not have the financial condition to start another business again.  you should always think consciously when taking risks. You should take risks in accordance with your knowledge and experience and the fund should be fixed. Just as it is not good to waste time waiting for perfection, it also does not seem logical to invest with a large amount in the beginning. So decisions should be made with balance .