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Priotizing Learning Before Investing In Crypto Puts You A Step Ahead

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@boscohage
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Back in the days, when I was younger and I know right now I feel like I'm sounding like an elderly person but quite the contrary, I'm in my late 20's. Growing up, we were stuck with the words knowledge is power but didn't have a definitive idea of what it truly meant but it was always repeated as almost all schools used "Knowledge is Power" as their motto. Learning was very a very stressful event because I preferred doing what I want to do when I want to do. The edge I had was that I knew myself to be very smart and could really catch up with anything I was taught, so I hated the idea of learning since is was a forceful event and from where I'm from comparison was a usual thing that always got on the nerves of many.

Learning Is The First Step

When a child is born, the baby doesn't start walking but the process begins form crawling to standing and falling, to lean on a support then taking baby steps till the bones a strong enough to stand firmly on the ground. For every action that is performed the right knowledge in every field is learnt. You learn how to read and write alphabets and numbers then keep learning complex arithmetic and subjects that actually get the best out of one.

A lawyer goes to law school to learn about law, a doctor goes to medical school to expand their knowledge and begin learning how to operate with animals before carrying out one on humans. The journey the being exceptional starts from the bottom before getting to the top, it's one step at a time. Every field have their specific studies that would certainly help an individual in any field they which to thread.

Staying Ahead In Crypto

There's a popular opinion in cryptocurrency, Do Your Own Research, DYOR. This is one word that I heard various times when I dabbed into cryptocurrency, yet I didn't adhere to the words. Everyone is making money out of crypto so if I buy Bitcoin and ethereum then I'd be rich in no time as I said to myself buying Bitcoin in January 2021. What did I know about the price? The price is increasing so if I buy now, it's keep rising. Certainly, there was no knowledge about the bear market and bull market, the only thoughts I had were to make money. Buying my first BTC at $29k and subsequently $35k and more.

Truth is it was a gamble for me because I just wanted to be among the number of people that talks about Bitcoin, never had a clue why my portfolio was rising or falling.

A building can't be built without a solid foundation and when that happens, it is inevitable to come crashing down. It's no surprise that a lot of people have lost their hard earned money in cryptocurrency Due to the fact that the knowledge required before investing in an asset wasn't conducted. Mainly many invest from word to mouth, telling how magical it was rising from the bottom to the top.

There are lots of rug pull schemes existing in crypto that are willing to entice unsuspecting victims, those that didn't do their findings well or get lured into a quick money scheme that crashes after a while leaving their victims in years.

Inasmuch as crypto can change the paradigm, it's a long term goal that all specifics need to checks that puts trust in the fore end. It simply is no magic show or overnight wealth.

Finding The Right Path

The journey of a thousand miles, begins with one step even though one doesn't know what directions to thread. One step at a time keeps one ahead. Finding Hive has been such a relief to acquiring knowledge along the journey as people's blogs are being readd and you also diligent making your own research bring to the table. No stone is left unturned because the amount of knowledge acquired just being here is unquantifiable. Descovering that learning is a life long game that does end in school as life is a school on its own. Different crypto projects have come and gone while many are still coming up, it only remains unchangeable that making your own research would save a lot time navigating the right path in making the right decision.

Thanks for visiting my blog, till next time.

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