Are There Any Principles To Understanding Crypto?
Cryptocurrency is one of the things you must learn by making your own mistakes. Many people believe that crypto can be taught like a course. Back in the day, I met online hustlers who packaged crypto courses for others to purchase. What they mostly do is paraphrase and rework information from the Internet, and the gullible people who buy them believe they are learning how crypto works when, in fact, they are reading information that lacks real-world authenticity.
When I received my health diagnosis in November, everything felt new to me, and rather than denying my condition, I had to start researching ways to improve my health. I did not have any real information until I started reading about other people's real-life experiences.
Google Is not Standard Learning
......it is largely overestimated; it is not as accurate as we may believe, and if we are not learning from real-world use cases and true experiences, we are not truly learning. Theoretical learning gets you nowhere, and you must make your own mistakes in order to become a master of your own craft.
Let us dig deeper into the psychology of cryptocurrency. A person who lost money investing in Ethereum, for example, during the last bull market cannot tell you to avoid investing in ETH because we have not considered the timing, approach, and so on. The fact that the individual failed to profit during a bull market does not imply that many others did not make life-changing money from the same ETH.
Crypto Truth Is Not Fact
People frequently make assessments based on their experiences; sometimes those experiences are true, but they are not the facts on which the general public should base their decisions.
There are no shortcuts to understanding cryptocurrency; while the fundamentals can be learned on the internet, making progress requires involvement and personal learning.
The reason why more people are not adopting cryptocurrency is that many people think about money before learning, but it is the opposite, and this acts as a barrier. Sometimes the desire to earn money is insufficient to motivate participation and learning.
In Nigeria, it is easy for people to say "teach me crypto, I want to be in millions". But the funny thing is, you are not even in the millions, as they believe, and you have made more bad decisions than good, which is why you have seen many bull markets while remaining poor.
While cryptocurrency is teachable, it is not comprehensive; there are many loopholes, blind spots, and queer events and outcomes*
Why?
It is similar to learning English. While theoretically understood, you cannot practically master the language unless you make personal learning efforts. For example, Give her her book is correct, but Give him him book is incorrect. You can not exactly explain why the former is correct while the latter is incorrect. You just have a feeling; you are not sure why the rule is that way. Crypto is as complicated as this. It is like knowing that BTC increases in value with each bull market, but some altcoins eventually outperform it.
Mastery comes with deliberate exposure.
People are naturally repelled when an effort appears to be worthless in comparison to the reward. They want to ensure that their efforts outweigh their potential rewards, but some things in life, including cryptocurrency, do not work this way. People who are naturally enthusiastic are better learners, and when the desire for knowledge does not outweigh the potential rewards, it may appear negative on the surface, but knowledge is not wasted; whatever is not used is stored for a future time.
No crypto knowledge is wasted; both what you learned when you lost and what you gained when you won, everything works together to complete you. When you notice that people are paying more attention to money, it is a red flag that they will not learn.
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@curation-cartel(6/20) tipped @josediccus
I believe one of the things that can really help is the fact that one should have a mentor. A mentor that will guide you through your journey on the hive Blockchain
That's basically what the post speaks against. Learning is a personal thing, mentorship is often overestimated
Rectify the reason why you're getting downvotes on your post, it's really important.
how much is 1 $LEO. Oh its 0.07. Cheap now :)
I currently don't know, but it's been doing well for a while
I'm constantly learning new things in crypto and I've been involved for about 8 years. You are right, it's like learning a whole new language and unless you keep learning the evolving language you won't do well.
Crypto is a great way to lose a lot of money if you don't know what you're doing, and it carries a lot of risk even when you do!
I've been involved for seven years and I think I still don't know a lot. The experiences of others plays a huge role in how much you can learn and the market itself teaches you. Losing money is one thing many people don't like, ironically, losing money is also a learning curve
I totally agree and until you get your hands dirty, you can't enjoy the game.
I think investing is the same whether it is crypto or stocks, the most important thing is sticking to the basic principles.
Plenty gurus out there have false illusion of their knowledge of the crypto investing.
I mean everyone is a genius in the bull market
Even if there are so much trash out there, I think a few people can teach crypto based on experience.
Very great post
Everyone is a speculator, we only become geniuses when our plans works well. No one is truly a legend of the game as the market can mess anyone up. So anyone who is no willing to go through these experiences and wanting to sit and let others teach them will never learn and it's the truth.
There are no teacher, just experiences, loss and profit.
@tipu curate
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Thank you my friend
Any investment has a risk and I think people just need to consider that. I think most courses tend to be scams. The market is always changing and we have to learn from it. Adaption is key and I don't think you will ever have too much knowledge.
Many courses on crypto are not the real deal, but many people wanted to learn about crypto so bad that they bought a lot of these courses. I personally know people who did. There's never too many knowledge like you've pointed out
It is a fact that we learn this industry only because of our own mistakes, otherwise we get to learn only false things from somewhere else, yes it is a fact that if we want to be successful in this industry. So we have to invest here and be patient and when we are patient then the coming time will be good for all of us.