Appreciate your comment that understanding the importance of applying knowledge is crucial in real life situations. Simply acquisition of knowledge without any intention or desire doesn't helps or serves and purpose for the society. True knowledge extends beyond theories and hypothesis scenarios. Genuine learning comes from actively engaging with people and apply your knowledge to solve the problem what society is facing.
The same principle can be applied to Bitcoin investment by utilizing our learning for making informed decision, which can lead to financial stability in our life.
I would like to clarify that I am not against theoretical knowledge, since frequently each of us is likely going to have opinions and theories about some kinds of things that we have never experienced, and that we might not be able to experience (very easily) and some things might be dangerous to attempt to experience, but still we could theorize about them in terms of their being dangerous or their being thrilling or their being difficult to accomplish or their being physically painful/pleasurable.
For example, I can theorize that if I walk on a high beam that either I am going to fall right away or I will get dizzy, or I could theorize that I will be able to walk between two tall buildings, and perhaps it is better for me to theorize about it rather than actually attempting to put my theory into practice, but it likely would be a good idea for me to theorize about whether I should do it, what it might be like and what the consequences might be before I actually attempt to carry out the practice of my theory.
Even in regards to bitcoin, there still might be a lot of ways that we theorize about the particulars prior to attempting to execute in order to attempt to filter out some of the possible ways that we might want to proceed forward and we might want to theorize about it prior to actually attempting to practice, and there may well even be some areas that we choose not to attempt to put into practice, largely because we theorized about it first (and it does not even necessarily mean that we are going to come to the right or the better of conclusions regarding whether and how to act) and it is valid that we theorize, and it seems that part of the point that I was attempting to make earlier is that there are a lot of ways that we learn way more about ourselves (such as our psychological boundaries), when we are ongoingly practicing managing our BTC portfolio for a long period of time and/or attempting to build our BTC stash by whatever methods that we choose, perhaps including but not limited to accumulating through DCA buying, buying on dips and lump sum investing - and also perhaps by attempting to maintain our BTC stash through sell (use) and replace whatever we had sold (used). We can theorize first, and sometimes end up being wrong in regards to overly acting on our theories when maybe we should not have attempted to act on certain aspects of our theories.
Yes, of course, some people might ONLY have enough of a budget that they are able to pay for their living expenses, and they do not have any extra money to buy any BTC, and so sometimes it can be difficult to get to a point in which any of us is able to act upon our theories and beliefs if we are not able to put ourselves into a position in which we can act in order to buy BTC regularly.
On the other hand, some people might have to make a lot of corrective actions in their lives in order that they are able to set aside $100 per week (or even $10 per week) to buy BTC on an ongoing and regular basis, and when these people go through those measures to set aside some of their cashflow and to dedicate it towards BTC, they have abilities to learn a lot about themselves and about their various balances of how to manage their money better.. and they get some of those additional skills because they ongoingly went through persistent and consistent behaviors over long periods of time and perhaps even making adjustments (and even making big and small mistakes) from time to time.
To theorize is very important in any investment one wants to go in because it is through the theory that you will follow to set up your goals and how your goals can be achieved. If you theorize without practical,then you haven't started yet because you need to display the theory in practical so that one can have experience of that which you think is the right way to go or steps to practice.
Sometimes,when we theorize and put it into practice we see it that they way we thought or have it in mind wouldn't be easy to achieve because there are some obstacles that we are bond to face which we didnt put into consideration due to our lack of experience ...that will make our theory not to perfectly work out. Bitcoin investment is easily said than done,you might have the psychological and financial preparation to embark to your bitcoin journey to hold and accumulate for 10years but along the line,you might be faced with wrong some obstacle which might make you not be able to hold for this long or to accumulate the exact amount to planned to accumulate at first. But as time goes on,you will see it that you will begin to understand some challenges that can prevent you to achieve this goal and you will begin to come up with another strategy which you can use to overcome that problem,and before you know it,you will overcome it. We might have the best theory on how to increase our bitcoin investment 2x the normal size as planned but you might end up not being able to achieve this because of some wrong decisions that you made during your bitcoin journey and some circumstances that surrounds bitcoin might make you feel reluctant,discouraged and panic because you are trapped in the middle of it. Experience is best gotten from practical and not theory. However,both of them are important for one to move on with his bitcoin journey. For example bitcoin price has dip to 25k+, so many people will panic and sell all,some will panic and sell some fractions of their and some persons will understand that this is how the life cycle of bitcoin is because he has the practical experience and he uses the opportunity to accumulate more. While some other persons will stop accumulating and look at how the market will move but they are still holding.