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IDEAS Without money, The knowledge is a waste

Obari

Obari

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Yes!
you got the topic very correct and I do mean it because after my last thread, I was actually wondering the essences of having all the knowledge about bitcoin and cryptocurrency at large and still don't have the money to buy, I just feel it’s a waste of effort and such a person with all his knowledge will definitely miss out of the opportunities in bitcoin and I'm on the opinion that people still need to always have some form of money at all time to buy bitcoin especially at every instance a dip arises and I want to know the essence of wanting to crowd ones brain with so much about bitcoin when such a person doesn't have any money to buy rather than seeking ways to buy?


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Hey, I totally understand where you're coming from. It's one thing to soak up all the crypto knowledge, but if you don't have any funds on hand, it can feel like you're missing out on the real opportunities. I believe it's about striking a balance: learn all you can about Bitcoin and crypto, but also make sure you have some liquidity ready for when a dip comes along. Knowledge is valuable, but without the means to act on it, it doesn't translate into profit. It might be a good idea to focus on building a small reserve so you can actually take advantage of those market opportunities when they appear.
 
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mayahn said:
Hey, I totally understand where you're coming from. It's one thing to soak up all the crypto knowledge, but if you don't have any funds on hand, it can feel like you're missing out on the real opportunities. I believe it's about striking a balance: learn all you can about Bitcoin and crypto, but also make sure you have some liquidity ready for when a dip comes along. Knowledge is valuable, but without the means to act on it, it doesn't translate into profit. It might be a good idea to focus on building a small reserve so you can actually take advantage of those market opportunities when they appear.
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I’m glad you got my point without sentiments.
I understand that having the necessary knowledge about cryptocurrency is great but having liquidity is key as it helps boost our morale especially when the market is in our favour and for anyone to claim to have the necessary knowledge of crypto, such a person should be familiar with the DCA method and seize the opportunity to stack up their portfolios.
 
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Laurentta said:
I totally get you. I feel there's no need to have all the knowledge about crypto without having money to invest in it.
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Perfectly said in the simplest form.

I agree that having the necessary knowledge is paramount but trying to know to the peak in the industry without sorting how to own bitcoin which is the basic of it, it’s then useless as you’ll end up missing all the vitals that comes with it .
 
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Chibson said:
Well, bitcoin and cryptocurrency trading and investment acquires money for you to be profitable. Even if you have proper knowledge of technical and fundamental analysis without the capital to get started you will not make profit except maybe you are lucky to get an airdrop.
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Gone are the days airdrops where meaningful not now where every new mined and airdrop seems to be dust and a total waste of time.

Having the required knowledge is paramount in the cryptocurrency market but having liquidity(money) to invest is essential.
 
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Obari said:
Gone are the days airdrops where meaningful not now where every new mined and airdrop seems to be dust and a total waste of time.

Having the required knowledge is paramount in the cryptocurrency market but having liquidity(money) to invest is essential.
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Well, there are still a lot of valuable airdrops out there. Assuming you were among those who mined pi network tokens, you could have made a lot of money when they launched their open mainnet.
 
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Chibson said:
Well, there are still a lot of valuable airdrops out there. Assuming you were among those who mined pi network tokens, you could have made a lot of money when they launched their open mainnet.
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You’re right but we’re talking about projects in recent time and pi has been around since over three years and people have been mining it ever since then
 
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Kera said:
No matter the level of knowledge that one has in crypto trading, if you don't have good capital, you won't make use of that knowledge. That's why people that trade have another source of income aside the trading. They use that source of income to raise trading capital.
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Absolutely and in as much as the knowledge is needed and very necessary, it is also worth saying and knowing that, we can’t over empathize the importance of having a readily available capital for the market else well miss out from the vitals the market has to offer at each point.
 
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Obari said:
Absolutely and in as much as the knowledge is needed and very necessary, it is also worth saying and knowing that, we can’t over empathize the importance of having a readily available capital for the market else well miss out from the vitals the market has to offer at each point.
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If you’re really knowledgeable about something, whether it’s crypto or any other niche, you can share what you know with others and earn money by selling courses, signals, or advice. In fact, some people make a living doing just that. Most people think knowledge is wasted if it doesn’t make money, but there are definitely exceptions.
 
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mayahn said:
If you’re really knowledgeable about something, whether it’s crypto or any other niche, you can share what you know with others and earn money by selling courses, signals, or advice. In fact, some people make a living doing just that. Most people think knowledge is wasted if it doesn’t make money, but there are definitely exceptions.
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That’s not the case with crypto
You can be very knowledgeable but without money to invest, you’ll definitely miss out from the opportunities the market has to offer.

I understand your point and idea of selling your knowledge through courses but you’ll agree with me that, it doesn’t just happen and that also take some good time to achieve and while trying to sell to raise money, the market isn’t waiting for you which I’m sure you know.
 
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In my opinion, on the contrary, in the crypto world, the most important thing is if someone has knowledge, skills and experience, to make a profit from crypto you don't have to have a large capital, but you can start with a small amount, trading skills will also make a profit for you, besides that you can also write articles about crypto for famous crypto media and will get rewards that you can use to buy Bitcoin. So we have to be patient and invest time, don't give up easily.
 
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Suba said:
but you can start with a small amount
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I’m glad you said this because my main focus was about having knowledge and not having any capital regardless of the amount to start which will make such a person miss out of the opportunities that comes and flows with crypto.

Regardless of the amount, it’s always a great advantage to have capital while trying to gather this knowledge.
 
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In the crypto world, I started my career by investing time since 2011, the first time I joined a Bitcoin faucet site, and at that time I didn't know anything about crypto except for a wallet to store Bitcoin, then starting in 2015, I joined several crypto forums and I started learning to trade, with capital, some free Bitcoin that I got from faucet sites. and I also started investing and the funds/fiat money that I deposited from my personal wallet until now is no more than $200. but the funds that I have withdrawn from Bitcoin until today, if added up, are thousands of dollars to meet my daily needs. and currently I also have Btc, altcoins and stablecoins as investment instruments.
 
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Suba said:
In the crypto world, I started my career by investing time since 2011, the first time I joined a Bitcoin faucet site, and at that time I didn't know anything about crypto except for a wallet to store Bitcoin, then starting in 2015, I joined several crypto forums and I started learning to trade, with capital, some free Bitcoin that I got from faucet sites. and I also started investing and the funds/fiat money that I deposited from my personal wallet until now is no more than $200. but the funds that I have withdrawn from Bitcoin until today, if added up, are thousands of dollars to meet my daily needs. and currently I also have Btc, altcoins and stablecoins as investment instruments.
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I’m not sure if you’re actually getting my point on this issue but I’m not trying to condemn being knowledgeable but what I’m at this point trying to say is that, regardless of how knowledgeable one could be, it is always nice to have some sort of capital to start with even while in the process of trying to learn so we don’t miss out from that the market has to offer.

In recent times, most of these faucets, airdrops and bounties seem to end as scam or even dust and it seems there’s no free money online even after investing all the required time.
 
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This is absolutely true, initially the faucet site was purely just to introduce Bitcoin, moreover, the gift was in the amount of thousands of satoshi for each claim, because at that time the price of Bitcoin was also very cheap, but now the situation has changed, many site owners are more oriented towards making money so they apply more shortlinks, there are so many scam faucet sites, so I have left many but until now I am still working on the old faucet site even though it is only to fill my spare time, they only give small satoshi rewards such as: Freebitco.in, Earnbitmoon, Cointiply. Adbtc.top and Firefaucet.win
 
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