Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Knowledge vs hodlings
by
Blitzboy
on 06/10/2023, 05:24:36 UTC
⭐ Merited by JayJuanGee (1)
Because of the lack of knowledge to invest in bitcoin make bitcoin not for everyone. Because before you invest, you must have the technical know how of the technology so that you will be galant in whatever comes or challenges. And that is why when people are saying that bitcoin is for everyone, I only believed that  those guys do not really understand bitcoin, and I don't want to say something on the other threads but what the op here had said made it clear that to invest in bitcoin you must have the "basic knowledge" and which is the most important part in bitcoin investment and those who has no knowledge on bitcoin can't involved themselves in this new technology. Even in the forum, those who are not good in bitcoin, writing and contributing to meaningful knowledge can't join it because they have nothing to offer. I am also on the school of thought that bitcoin is not for everyone because because bitcoin is limited to some group of people. Children, old age, and the blind are not meant to use bitcoin though someone can use it for them but it themselves. All those early users of bitcoin who sold it because of fear lack the knowledge of bitcoin and sold them off for the fear of losing.

This your thread too is also the category of those first experienced of bitcoin. And forum is the best place to learn anything concerning of bitcoin. Joining this forum helps one to prevent being scammed. And other things to learn in the forum. All what you need to do is patient and reading.
Absolutely, investing in Bitcoin requires a degree of knowledge, and you've hit the nail on the head in noting that it's not for everyone. But let’s spin this yarn another way, shall we? I'd argue that while technical know-how is beneficial, you don't necessarily have to be a blockchain engineer to invest wisely in Bitcoin. It’s like driving a car; you don’t need to be a mechanic to drive safely and efficiently. It’s important to understand the basics, of course, but the nitty-gritty technical details? Perhaps not essential for everyone.

Your point about the forum being a great place to learn is spot on, yet it doesn't mean that newcomers, who may lack profound knowledge in Bitcoin, have nothing to offer. Fresh perspectives, new questions, and novel ideas often come from those not deeply entrenched in the current ways of thinking. If we restrict Bitcoin to those with pre-existing knowledge, are we stifling its potential for mass adoption? Just something to chew on.