Quote from: boyptc on October 26, 2024, 09:35:33 PM

That is why whenever I see someone that they don't need to understand and it's just simply buying Bitcoin and holding it, that's not the point.

I mean, yeah someone can do that but it's not the whole context. As an investor, we need to have at least the understanding of what we're buying.

Nobody is saying that investors shouldn't have understanding or be ignorant of anything here. When it comes to bitcoin investment, investors can make their initial purchase of bitcoin without having any understanding of it. But they should gradually increased their knowledge down the line. What i see as is bad is for someone to be investing in bitcoin for a long time without trying to increase his knowledge along with his bitcoin holding.

It is that bitcoin that they have invested in, and are still investing that will propel them to learn everything that they need to figure out. But what I'm only opposing is the idea that someone must be knowledgeable and have proper understanding of bitcoin first before investing in it. People are always more committed to learning something that is benefiting them directly.

Quote from: Sobz on October 26, 2024, 10:17:03 PM

You have to understand that bitcoin is not like most of the conventional investments people do out there. Back in 2009 and early 2010, how many people invested in understanding bitcoin first before investing in bitcoin itself? I can tell you for a fact that majority of those early investors came into bitcoin investment with little or zero understanding of bitcoin. Many just bought bitcoin blindly but as time goes on they started increase their knowledge and their understanding developed. This is still applicable today.