Quote from: shivansps on June 25, 2023, 09:09:22 PM

Quote from: Obari on June 16, 2023, 07:30:19 PM

Yes!
you got the topic very correct and I do mean it because after my last thread, I was actually wondering the essences of having all the knowledge about bitcoin and cryptocurrency at large and still don't have the money to buy, I just feel its a waste of effort and such a person with all his knowledge will definitely miss out of the opportunities in bitcoin and I'm on the opinion that people still need to always have some form of money at all time to buy bitcoin especially at every instance a dip arises and I want to know the essence of wanting to crowd ones brain Brain with so much about bitcoin when such a person doesn't have any more to buy rather than seeking ways to buy?

I understand what you're talking about. Knowledge and money is a bicycle with two pedals. You have to rotate both. If you have money but no knowledge, you may get lucky a few times but end up losing money. Because trading or investing without knowledge is a mandatory loss of money. Just like knowledge without money is meaningless until you have the necessary amount to start.
In general, if a person knows a lot about bitcoin, this does not mean that he should buy it. But if a person buys bitcoin, then he should know about it. And the more the better

Knowledge and capital would never work without each other, that’s why both should compliment each other to achieve a successful investment. You can’t expect to make profits with your investment if you only rely on your capital alone without any knowledge or strategy that will make your investment work and prosper. Just like if you are dependent on your knowledge alone, you can’t move forward because you need sufficient amount of money to finance your investment. Otherwise, your investment will never progress if you lack one of them, the reason why you have to be mentally and financially ready before you decide to risk entering an investment.