Knowledge and Experience are two same concepts with the aspect of congruence but people think that these are different from each other. here in this thread, we were talking about the circumstance of the Cryptocurrency-Market. Here which one is more important (Knowledge and Experience)? So personally I emphasize experience in this current scenario because experience is in the name of many collectible things like awareness, educated, success & failure in the past of practical life, which all things come in one word called "Experience".On the other hand, Knowledge is just information and ideas which are acquired through experience or education. So therefore the perspective of investor or trader experience is very important for a person to run the business properly. Only relay on Knowledge is not so fair for investors or traders to become successful. To become a fortunate trader we have to get knowledge through experience & practical work on it (Technical analysis, Fundamental Analysis) to get better results.
Your analysis really gives me a different perspective on experience and knowledge.
I think both are necessary, and we must use them flexibly for maximum effect. As far as you think, experience is the most important and knowledge can be gained through experience. This is also true, but for beginners, if there is no knowledge, it is very difficult to start practicing immediately, although long practice will help gain knowledge. But if we have prior knowledge, it will be much easier to put into practice, and avoiding mistakes will be significantly less than starting without knowledge.
But there is a distinct difference between the knowledge we can buy from others, but the experience cannot, and we need to trade time, effort, and money to get it.
