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Author Topic: The role of Experience in Bitcoin accumulation.  (Read 276 times)
Shineup
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November 05, 2025, 04:04:24 PM
 #21

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

No doubt about getting basic knowledge since nobody can go into what they don't have any idea about, it is essential to get the basic knowledge including the potential risk and benefits thereafter have your own conviction to go in to Bitcoin investment and this should be a sole objective, knowledge about Bitcoin can be gotten any where even though I see this place to be one if not the best place where knowledge about Bitcoin is shared, alot of people have already gotten some basic knowledge about Bitcoin before coming here. That being said, a lot of people has said this which is very correct, the knowledge gotten from experience is more profound and better getting started with the little knowledge and preparedness is better than wanting to know it all.
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November 06, 2025, 06:22:44 PM
 #22

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

I don't know the kind of investment you are saying that needs a lot of classification of knowledge because for Bitcoin investment you need too much knowledge before you go start to dey invest rather waiting you just need to start na basic knowledge which comprises of; how you go take buy or accumulate and how you go take hold, the wallet wey go dey safer to keep those Bitcoin and how you go take source out your discretionary income and emergency funds etc and then some other important things we also be learn as you go into...

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November 08, 2025, 05:35:18 PM
 #23

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

I don't know the kind of investment you are saying that needs a lot of classification of knowledge because for Bitcoin investment you need too much knowledge before you go start to dey invest rather waiting you just need to start na basic knowledge which comprises of; how you go take buy or accumulate and how you go take hold, the wallet wey go dey safer to keep those Bitcoin and how you go take source out your discretionary income and emergency funds etc and then some other important things we also be learn as you go into...
you don't need too much knowledge just like you said before you will start accumulating bitcoin. Basic knowledge of bitcoin is what you need to start buying bitcoin. Every other thing you need to know, you can learn while you have already started. It will even increase learning speed, since we will be buying the opportunity of increasing our knowledge about bitcoin and also to be able to utilise the opportunity that the market offer instead of delaying our investment allowance in the name of wanting to know about bitcoin.

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Bigjoe33 (OP)
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November 08, 2025, 08:26:44 PM
 #24

Bitcoin investment needs allot of clarification and knowledge  before anyone can enter. I am of the school of taught that anyone who has in mind to invest should atleast get an already experienced in bitcoin talk to properly school you on all the details that you need. Get to know the risks and benefits, when to and when not invests amongst allot of things that you need to know in the bitcoin world before  investing.

, a lot of people has said this which is very correct, the knowledge gotten from experience is more profound and better getting started with the little knowledge and preparedness is better than wanting to know it all.

Yea, wanting to know it all before getting started is the real delay and a killer of time. Basic knowledge is just too important no doubt, at least, you should know your left from your right before getting started. But those who really want all the knowledge are those that are not ready at all. Is it even possible to know it all? It's a capital NO! I think that fear of I don't know it at all and hence I wouldn't begin should left behind and would be investors should get basic knowledge and begin, with time, they would learn more firm experience.

Waiting to know everything or get financial stability is a wrong idea as it will only waste your time and keep you out of investment. The best time to start is Now, and experience will do so many other teaching.
Well said! I dey always talk am say you fit don miss bitcoin early days the next best time to buy bitcoin is now. Once you sabi the basics of how to buy and hodl your coins for the right wallets you dey good to go. To learn about this aspect of bitcoin no go take pass 2 days max

Yea, that's it. Some people are just so afraid to get started, especially because money is involved. The knowledge is everywhere, one can ask few questions, take on research to get the little basic knowledge, and then get started. I see those who give these so many excuses for not starting as people who are not interested or not yet ready to begin. If they are really ready to begin there accumulation journey, they would find out a way to get the basic knowledge and get started.
Having a basic knowledge is very important when investing in Bitcoin, because first of all when you hear about Bitcoin you should know that isn’t a crypto scam, like most people usually think that Bitcoin is a scam, that is the first knowledge that is understandable, then learning what platform to buy Bitcoin is also very essential and important, I have been following and buying and accumulating bitcoin for a very long term I have come to understand that buying and holding bitcoin for a maximum of two circle is very good which is why we have to always endeavor to buy bitcoin consistently.

Having that knowledge to hold bitcoin for a long term, and also having that understanding to keep holding for two circles, and also having that sustainability mindset and to keep holding and also building an emergency fund and reserved funds.

Surely, having basic knowledge about Bitcoin before getting started is very important, and can't be downplayed. You can't just get into something new without even an itch of an information about it. Potential investors must ask questions and look at for starters knowledge before kick starting. It's is ideal other than sit all day wanting to know everything before they start.

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November 08, 2025, 09:43:48 PM
 #25

Some of the points that has made so many newbies or potential investors not to have started there Bitcoin investment journey are common factors such as..
*Am waiting for the perfect time to start.
Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.

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November 09, 2025, 02:14:19 AM
 #26

Knowledge gained from experience rather than knowledge gained from books, television, newspapers or computer screens or mobile phones is very important in human life. In many countries of the world, citizens are faced with the question of whether they have practical experience to get a job in a good organization even after having a higher degree. I mean that even after having a higher degree, it takes more time to gain experience. It is very time-consuming.

But in the case of Bitcoin investment, if a person has basic knowledge and a system to meet his basic needs and has an emergency fund of 3-6 months, he can invest here and decide to do something better in the light of the practical knowledge gained from here. Here, the one who can take quick decisions and invest quickly is the one who is ahead.

Bigjoe33 (OP)
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November 09, 2025, 07:23:43 PM
 #27


Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.

Sometimes, you may even have some money to buy from the Dip, but you don't know when such dips might come. So you might end up waiting till eternity before the Dip comes. Waiting for a perfect time too, is a delay statement. The perfect time to start is now, provided the investor has a basic knowledge and is able to figure out his discretionary. Am sure if he begins his investment, along the line, he would learn alot from experience.

Knowledge gained from experience rather than knowledge gained from books, television, newspapers or computer screens or mobile phones is very important in human life. In many countries of the world, citizens are faced with the question of whether they have practical experience to get a job in a good organization even after having a higher degree. I mean that even after having a higher degree, it takes more time to gain experience. It is very time-consuming.



Yea, that's how important experience is in whatever we want to do. I have been a victim of that previously and due to lack of such experience, I lost the job. Been in a particular thing for some time takes one across the journey of experience as it is bedrock of growth. Acquiring experience is important but we can acquire it if we don't start at all. We must start and acquire as time goes on.

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November 09, 2025, 10:30:04 PM
 #28

Those who wait for the perfect time to invest in Bitcoin will not be able to start their investment. In investing, the investor must start. Some people think that they will buy from the dip, but buying from the deep is not possible for everyone. For those who try to buy from the dip, the price of Bitcoin will increase further, which will later exceed their purchasing power. Therefore, it is better to start investing according to the capacity that they have.
Strategy is always good when investing, yes it can demand you to wait for the right moment when you don't have a good cash flow to invest at any price, a perfect time is when the investor feels comfortable buying, we can't say those who hold their funds waiting for the market to drop are doing it wrong, some strategies involves waiting to buy dips and are also profitable when executed well.

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November 09, 2025, 11:48:12 PM
 #29

Experience can be seen as the knowledge or skill a person gains through doing something or living through events. It comes from practice and observation, not just from studying or being told. In simple terms, experience is what you learn from what you’ve done or gone through.

Accumulation is the process by which Bitcoin is gradually built up Bitcoin holding by mining, buying and earning.
Bitcoin accumulation is another way of saving money, but with more risk and potential rewards.


Experience teaches;
1. How to read market trends and understand cycles.
2 How to Avoid scams and fake investment.
3. How to use wallet and private keys salfe.
4. How and when to buy or hold without panic

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