Post
Topic
Board Bitcoin Discussion
Re: practical experience in Bitcoin investment.
by
NewStakes
on 04/02/2025, 16:08:27 UTC
as with everything, you can read and research as much as you want which will
only go so far but its hands on experience which gives the user the confidence
and knowledge they need to be comfortable using Bitcoin.

Obviously gaining knowledge by reading and researching cant do any harm
but when it comes to moving Bitcoin through buying, selling and HODL'ing you need
more than "Theory"
and will only benefit the user, this can happen before of after the practical experience.


Looking at the current chart, BTC was down massively earlier today and has already recovered over $5,000 of the drop. No amount of practical experience can help you predict those moves, so be prepared for an exciting ride!  Smiley

Thats where technical knowledge outweighs practical knowledge, you need to
know how to read charts when it comes to trading.
 


You are correct about charts helping to trade, but people need to know those signals can sometimes be very wrong. When the really good traders are taken by surprise, you can get extreme movements in fast markets.