Quote from: AnonBitCoiner on January 08, 2024, 04:36:42 PM

Quote from: Hewlet on December 28, 2023, 05:46:45 AM

this sums it all up.

Knowledge comes first before venturing into wealth creation. It becomes more easier acquiring wealth when you already have the knowledge regarding how to go about it. In the world of cryptocurrency and tech in general, knowledge is the number one factor that will guarantee you success or failure in the chosen field. If you just want to invest in cryptocurrency without doing the necessary research and learning from people that are already in the field, you will end up insisting in shitcoins and after experiencing your loss, you will join the clueless folks out their that feel that all cryptocurrency are Ponzi schemes .

Knowledge is must in getting success but without knowledge you also have to aquire experience and experience will increase by utilising your knowledge. There are large number of individuals who are well educated in their desired field but they don't have any experience and even they don't known how to utilise their skills so they often find difficulties in achieving their goals.

In cryptocurrency investment knowledge is necessary but you should not think that with knowledge you will not find difficulties but definitely there will be something different in real life because you will have never experience such things before but just learned about it without getting step into reality. Knowledge, learning, utilisation of skills and experience are all very important to be successful in crypto investment as well as in other sectors of life.

What a fine balance! I've seen that knowledge is the baseline. Like complex recipe ingredients. How can one make a culinary masterpiece without the experience of blending these ingredients? I deeply agree with your statement about theoretical learning versus practical implementation. How often have I, and you, encountered people with theoretical understanding but lack of practical application?

In cryptocurrencies, as in other fields, knowledge and expertise are crucial. Knowledge provides tools, but experience teaches us when and how to use them. This is especially true in crypto, where market dynamics can alter instantly. Understanding blockchain technology or market trends theoretically is different from navigating them in real life. What's amazing about how information only becomes potent when applied through experience?