Post
Topic
Board Bitcoin Discussion
Re: Knowledge vs hodlings
by
tjtonmoy
on 05/10/2023, 18:02:21 UTC
The first rule of using a machine is to know how to run it. If you have no idea on how to operate the machine, then you can do nothing. The same thing applies to everything around us, including Bitcoin learning. You need to know the concept of Bitcoin, how it works, what it was made for, what are the pros and cons of Bitcoin. You need to learn every good and bad things about Bitcoin in order to really understand what bitcoin really is.

People these days only join Bitcoin for making money. They invest in Bitcoin without knowing nothing about it. They may have heard that they can make money by investing in Bitcoin and that's why they are here. Not all of them, but most of them are. And this is very bad for the Bitcoin ecosystem. These people are the ones who will make a loss in Bitcoin investment for not knowing enough and then go on and say that Bitcoin is a scam. So yeah, having knowledge about what you are dealing with is always the best way to approach anything.