Which one is more valuable for beginner: THEORY or PRACTICE? - Page 2 - For Beginners - CryptoTalk.Org Jump to content
malik424

Which one is more valuable for beginner: THEORY or PRACTICE?

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Both are necessary. But practical is more necessary than theory. You will really enjoy this platform by learning as well earning. It will improve your content writing skill also. You can share your experience with other people. You can also go through other experiences also by reading their valuable information 

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First i suggest you to get some basic information about the working of cryptotalk and cryptocurrencies. Lot of reading should be done on different topics so you can gain knowledge. Already there are plenty of comments and topics in this forum you can gain some knowledge from here itself.

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The advice I will give you is that do as you intended read books and make alot of research through that you can develop a background knowledge about the field you intend to learn , having been satisfied a little bit you don't have to be perfect before moving to practical at least learn a sufficient and background knowledge in theoritically before moving to practical aspects.

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On 11/19/2020 at 9:51 PM, malik424 said:

Recently, I started really being into finances, investments, and all that stuff related with crypto. So, now I have faced some problems. And one of the risen concern was about whether I should start in theoretical materials, such some books, researches, guides from the Internet, or start practicing more and more as a beginner. So, what would you recommend to do for beginners?

Both are important but firstly we should make proper research having good knowledge and collect theoretical materials ,understand the rules and learn how to implement them. Practicing practically without even the basic knowledge will also leads towards failure.

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I think for beginners like those who are just really recently joined, theories are way more better so that they will have an idea or gain some basic knowledge about crypto. Doing practice immediately without knowing anything about it will just lead you to keep on failing. It's true that practical work is better but having some background about it will be safer and easier.

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For me, it advisable not to dive into practical without knowing the theory first. The two go hand in hand. As you are practicing the theoretical aspect, you should also be trying the practical too. Doing one alone before another may jot be the best strategy to employ in this scenario. 

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On 20.11.2020 at 00:48, khalilmd said:

Theoretical learning and practice complement each other, so you cannot succeed in something just because you have theoretically studied it, and in return, you cannot try something without having information about it and reading about it in advance, as they are boring each other.

Yeah, I strongly agree that theory and practice are directly related with each other. But my question was about whether should I focus on theory or practice. Or should they be divided like 50%-50%?

On 20.11.2020 at 01:56, Francisco87 said:

Hello friend, I advise you that before you start trading with the currencies, learn a lot of theory, analyze graphs on the fluctuation of currencies, interact in groups of signals, otherwise you can go very wrong and lose your savings..

Thanks for the answer. Yeah, I think definitely I should start learning some basics and etc. And then start to use these knowledges in practice. Anyway, thank you for advice

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I think both are important because if you don't know theory then how you will perform practical and without practical theory is useless. But if you think like simple and don't make it complex I think practical will be more effective and we can learn many things that we have seen rather than learning in the books and if we have done practically then we can memorize them for the long period of time.

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In any situation the first thing you have to have is knowledge and this knowledge is achieved by taking theory as an initial resource. In principle, before entering the practice, you must at least know the basic principles of the topic you want to start developing. Going to do an internship without first handling the theory is like starting to work in Cryptotalk without first knowing the rules of the forum. Doing it this way leads you to commit mistakes that can then result in your being eliminated. Research, study, and analyze before going to do the practice. That is my advice.

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Always act with conscience and a sense of camaraderie and every time you make a post, stop for a moment and review in detail the posts of other members around you, so that you can give your respective reaction. :classic_wink:

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For the beginner, the two would be the most valuable, as there are times that some choose the theory and there are times that others choose the practice, I would choose the practice because for me, with practice, you learn much more but at some point you complement or meet.

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I will say both,  after reading through the theory aspect, then put into practice what you have learnt because you just cant start practicing without knowing anything at all about what you want to practice. 

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Hey mate, you ask a good question which is better theory or practice, I will say practice make a men perfect, so we must do practice about trading at cryptocurrency, if we do not do practice than we can not learn real life of crypto world.

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Naturally, both theory and practice are essential to perform successfully in any activity. For beginners, I would say one first need a theoretical basis where one can build upon by practicing. Of course, not everything can be learned from theory, so even at a beginner stage is important to have a balance between theory and practice. Once one's theoretical basis becomes more solid, it's logical to give a heavier weight to practice, but still theory is essential, especially in such fast developing fields as cryptography and block chain.

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Theories are not as reliable as experience and practice. Since you can theoretically say something based on what you only know. While practicing and experiencing things make your statements much more reliable since you know that certain field, and also you worked hard for it.

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I am one of those who believe that practices make the teacher, but something we must also know is that many times for not reading The Complete manual we end up making serious mistakes and when we talk about cryptos these errors end up paying with money. So never put theory aside. The music is 100% practical but if you do not know the scales and how to read the notes you can never get music from any instrument.

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On 11/19/2020 at 9:51 PM, malik424 said:

Recently, I started really being into finances, investments, and all that stuff related with crypto. So, now I have faced some problems. And one of the risen concern was about whether I should start in theoretical materials, such some books, researches, guides from the Internet, or start practicing more and more as a beginner. So, what would you recommend to do for beginners?

Although i am beginner  but i thing for a beginner practice is more impotent than theory, it will help us for better performance,   

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On 11/19/2020 at 5:51 PM, malik424 said:

Recently, I started really being into finances, investments, and all that stuff related with crypto. So, now I have faced some problems. And one of the risen concern was about whether I should start in theoretical materials, such some books, researches, guides from the Internet, or start practicing more and more as a beginner. So, what would you recommend to do for beginners?

I suggest that you go through youtube and learn some stuff. Youtube contains videos and that means that you can learn better seeing how things word. Theory wouldn't give you solid understanding so I recommend youtube 100%

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Personally I recommend you to start with theoretical studies to acquire some basics and concepts about crypto then use your acquired knowledge to practice since you can't practice if you don't have any concepts and ideas of a particular crypto stuff

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According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

According to me practice is more useful for beginners if you read some you can not understand properly until you do it practical so practice is more important it will make you great so read and practice for that reading is also important but practice is more then reading

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For beginners, theory and practice both are most beneficial things. Beginners should give attention to its practice the most because in this way they able to get skills which are the most important one. When a member practices his entire church cause, he will not be able to make any mistake in this way. And thus theory along with practice is also very important. Beginners should search everywhere and gather whatever information and knowledge they get, in this way they need a lot of theory along with practice. Both are beneficial for them.

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In my opinion, the question is not what is more important, since both theory and practice are important. The question is where to start from the beginning. The answer is one: theory first, then practice. Only in this order will the loss be less.

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On 11/19/2020 at 9:51 PM, malik424 said:

one of the risen concern was about whether I should start in theoretical materials, such some books, researches, guides from the Internet, or start practicing more and more as a beginner. So, what would you recommend to do for beginners?

@malik424 welcome dear! I would recommend blending both theory and practice because one thing is incomplete without another. If you practice without knowledge of the particular field you will fail and if you only have knowledge and you will try for the first time it will be counted in practice, the more you practice the more you will gain  experience. Therefore, I advise you to first gather knowledge from books, experienced people, from research materials then test your knowledge and dive into it Good luck. 

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On 11/19/2020 at 5:51 PM, malik424 said:

Recently, I started really being into finances, investments, and all that stuff related with crypto. So, now I have faced some problems. And one of the risen concern was about whether I should start in theoretical materials, such some books, researches, guides from the Internet, or start practicing more and more as a beginner. So, what would you recommend to do for beginners?

@malik424 well to my own opinion, bigginers will find it difficult to understand the theory part, though it depends on their level of understanding. As we all know teaching in theory is more harder than practical. So as a bigginer I think practical aspect is more important than theory. Or what do you think my senior comrades @The Game @Biojay @M.bello 

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On 11/19/2020 at 5:51 PM, malik424 said:

Recently, I started really being into finances, investments, and all that stuff related with crypto. So, now I have faced some problems. And one of the risen concern was about whether I should start in theoretical materials, such some books, researches, guides from the Internet, or start practicing more and more as a beginner. So, what would you recommend to do for beginners?

It's very risky to start practice without learning and knowing some bases of trading and exchange, because you will only lose a lot of money and maybe without any results, so in my opinion the beginners must first study and do their homework, before they start working for real.


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Hey dear I think practice is more better than theory because practice makes a man perfect so according to my point of view the beginners should do a practice. In this way they will learn more and more about crypto.

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Instead, they focused on diversification and began investing capital in traditional financial instruments. In light of these events, the key beneficiaries were the dollar and US Treasury bonds, as well as precious metals.    – Mark Yusko, CEO of Morgan Creek Capital, expects a massive inflow of funds into the cryptocurrency market as wealth estimated at $30 trillion from baby boomers seeks to enter digital assets. According to the businessman, capital flows will most likely come from them – those born between 1946 and 1964 – through pension accounts managed by advisors. (According to the Investment Advisor Association, in 2022, US financial advisors managed assets worth more than $114 trillion). Yusko mentioned that the introduction of BTC-ETFs has significantly changed demand. However, the full effect of this is yet to be felt. "I believe that within 12 months, $300 billion will enter this area – this is 1% of the $30 trillion. In fact, this is more money than has ever been converted into bitcoin in 15 years. We've only been working with ETFs for about three months, and we've received about 10% of what I think comes into this area from registered investment advisors who control all the boomers' money," stated Yusko, adding that the inflow could potentially increase the crypto market's capitalization to $6 trillion.   – American regulators, according to the administrator of Bitcoin.org known as Cobra, are preparing to impose a complete ban on self-custody of cryptocurrency. This means that US citizens will have to involve intermediaries who will store digital assets. "If you think the government won't come for your bitcoins, you simply haven't paid attention to this," Cobra scares readers on the X social network page. Cobra recently assured subscribers that a split might occur within the Bitcoin community. There are those who want the network to remain unchanged and those who would like to add more features to Bitcoin, expanding the network's capabilities. Cobra is confident that these disagreements could negatively affect the ecosystem of the first cryptocurrency.   – American entrepreneur and investor Chris Dixon criticised the tightening measures taken by regulators regarding cryptocurrencies. The US Securities and Exchange Commission (SEC) is increasingly suing crypto companies, claiming they are trading unregistered securities. This has caused Dixon great concern. "The US has an absurd cryptocurrency regulation regime. [...] Major industry companies developing blockchain-based solutions face constant pressure. Existing rules encourage platforms to host only memecoins, which can be freely traded on markets without any restrictions, rather than other more useful crypto assets," stated Dixon. Further in his forecasts, the administrator of Bitcoin.org under the nickname Cobra believes that the US authorities are preparing to introduce a complete ban on self-custody of cryptocurrency. This means that citizens of the country will have to involve intermediaries who will store their digital assets. "If you think the government won't come for your bitcoins, you just haven't paid attention to this," Cobra scares readers on the pages of social network X.   – The Federal Court of Seattle (USA) has delivered a verdict in the case of the co-founder and former CEO of the largest crypto exchange, Binance, Changpeng Zhao. It is noted that the businessman was accused of crimes related to money transfers without a license. While the prosecution had requested three years of imprisonment, the defense suggested settling for five months of probation. Representatives of the Justice Department insisted that probation for CZ was inappropriate as "such a decision could encourage others to break the law on the largest possible scale." The defence argued the absence of evidence that the defendant was informed of the illegal activities on the exchange. As a result, one of the wealthiest people in the crypto industry got away with four months of imprisonment. Addressing his final words, Changpeng Zhao acknowledged that he had failed to properly establish a suitable client verification system at Binance and to counteract money laundering during his tenure. Recall that in November 2023, Zhao reached a settlement with the US government to end a years-long investigation against Binance. As part of the agreement, he stepped down as CEO and agreed to pay a fine of $50 million. However, as we see, the US authorities found this insufficient, and now, in addition to dismissal and a fine, a prison term has been added. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Почему цена биткоина столь волатильна и наступит ли стабильность?   Биткоин по-прежнему поражает своими непредсказуемыми изменениями цены. В момент своего создания его стоимость равнялась нескольким центам, а в марте этого года он достиг рекордного максимума на отметке почти $74 000. Этот долгий путь был отмечен крайней волатильностью, а иногда его колебания превышали 80%. Понимание нестабильной природы биткоина имеет решающее значение для успеха инвесторов и аналитиков, поскольку помогает составить представление о будущем криптовалют. Волатильность биткоина обусловлена множеством факторов, которые заключаются в характеристиках очень молодой цифровой валюты. В отличие от традиционных активов, имеющих многовековую историю, биткоин и рынок криптовалют в целом не имеют устоявшейся динамики рынка. В настоящее время из-за манипуляций его стоимость регулярно переоценивается рынком, что приводит к большим колебаниям цен в ответ на новую информацию и события. Одним из фундаментальных факторов, влияющих на волатильность BTC, является лимитированность его предложения в 21 миллион монет. Усиливающийся дефицит монет усиливает колебания цен, особенно на фоне растущего спроса со стороны розничных и институциональных инвесторов. Кроме того, влияние крупных инвесторов, которых обычно называют криптокитами, ещё больше усугубляет волатильность цен. Их значительные активы позволяют им влиять на динамику рынка с помощью крупных ордеров на покупку или продажу, что также приводит к резким изменениям цен. И здесь следует упомянуть относительную незрелость инфраструктуры рынка криптовалют и проблемы с ликвидностью, поэтому любые крупные сделки, безусловно, влияют на рыночные цены. Недостаток ликвидности может усилить колебания цен, поскольку инвесторы маневрируют, открывая позиции и выходя из них. Считалось, что появление деривативов, связанных с биткоином в виде спотовых ETF, и развитие рыночной инфраструктуры могут сделать торговый процесс более стабильным. Пока же мы наблюдаем резкие скачки из-за крупных притоков и оттоков средств. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2410618
    • April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit     Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were also evaluated.   - This month’s highest profit was earned by a client from South Asia, account number 1765XXX, who made $26,757 from trading the GBP/USD pair. - The second place in the TOP-3 was taken by their compatriot, account number 1751XXX, with earnings of $16,976 from gold trades (XAU/USD). - The third step of the April podium was claimed by a trader from East Asia, account number 1609XXX, who traded not physical but digital “gold”: bitcoin. It was the BTC/USD pair transactions that enabled them to profit by $14,301.   The passive investment services at NordFX showed the following trends:   - In the PAMM service, we continue to monitor the account named Kikos2. Opened on November 18 last year, now after 162 days of operation, it shows a fantastic profit of 1161%. While this result is impressive, the aggressive trading strategy has also led to a substantial drawdown of 58%. Unrelenting statistics demonstrate that even more conservative trading can lead to a complete loss of funds. Therefore, investors must always exercise utmost caution and only risk the money whose loss will not disrupt their normal life. We will continue to monitor and see what happens with this account in May.    - In CopyTrading, we have previously highlighted the signal yahmat-forex, which has shown a return of 415% over 312 days with a maximum drawdown of 37%. Another interesting signal called NordFXSrilanka has made a profit of 39% in 113 days, specifically since January 6, 2024. While not as impressive as yahmat-forex, its notable advantage is a very small drawdown: just about 9%.   Among the IB-partners of NordFX, the TOP-3 are as follows: - The largest commission reward of $22,732 was credited to a partner from Western Asia, account number 1645XXX. - The next is a partner from South Asia, account number 1682XXX, who received $5,224. - Finally, rounding out the top three is their compatriot, account number 1565XXX, who was rewarded with $3,614.   ***   As we conclude this month, it is important to note that NordFX clients now have yet another excellent opportunity to enhance their financial portfolio. In the 2024 super lottery, 202+4 cash prizes totaling $100,000 will be awarded. Participating in the lottery and securing a chance to win one or even several of these prizes is quite simple. For more details, visit the NordFX website. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Со временем которое осталось, да скорее все так и может быть, но лучше будет постараться дойти до 6-го уровня, то есть довести дело до конца, а после и расслабиться. Хотя даже так увы нет никаких гарантий, что это может нам что-то принести, но будем надеяться, что 6 лвл будет иметь весомое значение при раздаче.
    • SwapGate | Efficient Cryptocurrency Exchange SwapGate provides you with an innovative platform for instant cryptocurrency exchange. Our mission is to offer a fast, secure, and convenient exchange service for over 100 types of cryptocurrency assets without the need for lengthy registration and KYC procedures. Our service works 24/7 and you can already make your cryptocurrency exchanges now. Our platform is simple, easy to use, and built for efficient cryptocurrency transactions. Here are our key features of the SwapGate platform:  Fast and Affordable: Start exchanging instantly without going through registration. Transparent terms and conditions: We guarantee no hidden fees and fair transaction terms.  High security: We use advanced encryption and security technologies to protect your data and funds. About SwapGate: At SwapGate, we are committed to continuous development and innovation. Our team are professionals in their field, united by a common goal to create an efficient cryptocurrency exchange platform. We strive to offer the best service and constant online customer support . You can efficiently perform cryptocurrency manipulation on our website, and here are the short steps to exchange on SwapGate:  Asset selection: Determine which cryptocurrencies you want to exchange.  Determining the exchange rate: Choose a floating or fixed exchange rate.  Confirm & Send: Confirm the transaction details and send the cryptocurrency to the specified address.  Receive Coins: Track the exchange process in real-time and receive your cryptocurrency to the provided wallet. Join SwapGate and make fast exchanges without hidden fees! ️ SwapGate has a seamless support team ready to assist you with your cryptocurrency exchange needs. For more information, please get in touch with us:  Online chat: On the website, click on the blue dialog box  Email: info@SwapGate.io  Tech Support: @SwapGate_SupportBot on Telegram SwapGate is the choice for safe and easy cryptocurrency exchange with favorable fees. Easily exchange fiat for cryptocurrency and one cryptocurrency for another. Join us on https://swapgate.io and enjoy fast transactions now.
    • График крупных разлоков токенов в мае       Особенно крупные анлоки будут у AEVO и PYTH — более $1 млрд.
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