Can a newbie make investment before learning?

serjent05

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Quote from: Sonia_123 on May 11, 2024, 05:33:36 PM

How can you invest when you don't know what to do, for a pure newbie of bitcoin,i do not think it is possible,it shows you don't value your fund ,i bet you, you will no longer have the time to read enough the way it's suppose to be when you have not invested , remember investing in bitcoin or any other cryptocurrency is not like buying and selling other goods in the market , you need to understand the bases, terminologies and how it works before investing, therefore it is adviced to know what you are putting your money into. Investing in Bitcoin, you need to know the type of wallet to use ,the term of investment that is short-term or long-term, investing pattern using DCA or otherwise.

It is indeed advised to study and learn the venture one is interested in investing into but it is also possible to invest without learning the market flow. Since investing is just putting money into an investment venture and that can be done even without learning anything. It is that investing blindly without knowing the market often leads to losses.

Quote from: Z390 on May 11, 2024, 05:52:32 AM

Some did end up losing a lot of money because they dont chose Bitcoin, they went for altcoins, if a newbie buys Bitcoin without knowing more they are safe if they choose the right place to buy and also the right wallet to store the Bitcoin.

Investing in Bitcoin is not 100% profit, remember one need to sell at a higher price in order to get profit but there are cases where Bitcoin investors are forced to sell their stash for lower price due to being lack of knowledge about the market, weak hands or urgent matter.

Profiting in Bitcoin investment is a matter of how the investors sell their stash in a higher price. It isn't a magic where a Bitcoin investor will automatically get a profit once he invested in it.

Quote from: Z390 on May 11, 2024, 05:52:32 AM

The dangers of buying altcoins without knowing anything are so higher than buying Bitcoin without knowing anything about Bitcoin, like I told my nephew hours ago, you can't lose with Bitcoin until you decide to sell for a lower price than you bought it.

That is what I am saying, not all people who invested in Bitcoin are able to sell their stash at a higher price so it is not about choosing between Bitcoin or altcoin but it is about how they timed their buying and selling of their stash. Though I agree that choosing Bitcoin give an investor a lesser risk than buying altcoin.

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Quote from: Bravut on May 09, 2024, 09:47:17 PM

Quote from: Cosette on May 08, 2024, 11:56:01 PM

If you buy a book or a course that make you learn about something that you want to invest, then its considered as investment before learning.

Seems you are confuse Mate. You did say buy a course or book that will educate you on your proposed investment option is it not after reading or studying the course you then understand how to go about investing in that option. How is then investment before learning?,lol. Understand a post before commenting, we are not talking about buying a book or course as investment in this scenario but in terms of monetary value.

I believe everyone makes points but most of them are regarded to be out of line. Its funny how people rush to make comments with actual understanding of the whole article. Everyone have their view about posts reference. @Cosette was simply putting out his points and ideas, I see nothing wrong with what he have pin down but he also failed to understand the question been asked by OP. Perhaps he went too far but it's also recommendable to share ideas and explore our means of communication.

Sonia_123

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How can you invest when you don't know what to do, for a pure newbie of bitcoin,i do not think it is possible,it shows you don't value your fund ,i bet you, you will no longer have the time to read enough the way it's suppose to be when you have not invested , remember investing in bitcoin or any other cryptocurrency is not like buying and selling other goods in the market , you need to understand the bases, terminologies and how it works before investing, therefore it is adviced to know what you are putting your money into. Investing in Bitcoin, you need to know the type of wallet to use ,the term of investment that is short-term or long-term, investing pattern using DCA or otherwise.

Z390

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

Many newbies invested before learning and they did it right, it doesn't take a thing to go on Google and check Bitcoin out, and this day Binance exchange is available including many top exchanges, unlike in the past where you could get caught in a fake crypto exchange.

Some did end up losing a lot of money because they dont chose Bitcoin, they went for altcoins, if a newbie buys Bitcoin without knowing more they are safe if they choose the right place to buy and also the right wallet to store the Bitcoin.

The dangers of buying altcoins without knowing anything are so higher than buying Bitcoin without knowing anything about Bitcoin, like I told my nephew hours ago, you can't lose with Bitcoin until you decide to sell for a lower price than you bought it.

Franctoshi

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I always encourage learning before making your investment, This way you won't fall victim of making to many investment mistakes people do because they don't properly understand what they are investment on, Let's for instance someone that doesn't know how Bitcoin works, the investor wouldn't know what to do at any time, Such as ways we go about Buying BTC, like using DCA strategy, Buying the dips and all sorts of that helps us to try to position ourselves properly in the volatile market. Lastly someone that doesn't property understand Bitcoin properly would likely Fomo buy and sell on sell pressures regardless the fact people can buy Bitcoin and forget it, but someone with good knowledge of Bitcoin and investment would undoubtedly outperform someone with zero knowledge, because this investor will know good entry and exiting points.

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

internet has made it all to everyone to understand that we have scammers so whoever that is a victim of scammer is not a wise any longer because even in this community we have also be conscious of scammers and with the kind of information we pass to each one another I don't think that some of us will be a scam again so if we get scam that means it is out of our selfish interest

uchegod-21

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

There are alot of things to learn about bitcoin, but not so much to know before investing. Your ability to learn how to send and receive bitcoin. Your ability to write your seed phrase down and secure it, your ability to avoid clicking random links are the little knowledge needed to start investing in bitcoin. When you now get involved, you can be learning along because learning is a continuous process. If you sit back and wait unendingly to when you will learn everything before investing is bad. Just done enter the market with what you cannot afford to lose. This is key. Just start little but when you get enough knowledge you can increase your earnings.

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You can but the rate of chance of getting scammed is high. And you will lose all your hard-earned money in just a blink of an eye, something that happens to all of those who rush to invest without doing proper research and studies first. That is why as much as possible, take your time in studying your investment first and all its risks involved. You will soon to invest, but at least by that time, you are already sure to yourself that you won’t get scammed throughout the process.

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge -snip-

You have answered your question yourself. It is true that there is a too high risk if a newbie is trying to invest without learning first. He can be deceived by scammers to join scam projects, or he may choose the wrong time to buy coins. The only way to know how to invest in a proper way is learning from varied sources. But make sure newbies learn from trusted sources.

Quote from: moneystery on May 10, 2024, 05:09:33 AM

can a newbie make investment before learning? yes, they can, they can invest in bitcoin even if they don't know anything about it, just search on google there are many articles on how to buy bitcoin.

Newbie can buy Bitcoin, but they don't know how to invest in Bitcoin properly if they don't have knowledge.
Investing in Bitcoin isn't only about buying (entry) and holding, it is also about selling (exit) or taking profits. If newbies don't have knowledge about Bitcoin investment, they probably buy the Bitcoin at any time and they don't set a target for selling price yet. This is risky, how if the newbies buy the Bitcoin when it is in the peak price for this season? The newbies probably will sell for losses in the next months or years when there is a huge dump. Knowledge is important to have strong mentality and to have smart ways in managing the investment.

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

The only investment you will make in cryptocurrency and would be a good idea to learn about it later is buying Bitcoin and even that alone doesn't mean you are completely not vulnerable to volatility, you can see your Bitcoin appreciate and you can see it depreciate depending on how market react to any available news for that time but please I will advice you to learn how to save your Bitcoin and private keys, if you don't you risk losing everything tiny Bitcoin that you have.

You should also learn to avoid anything scam, send 1 Bitcoin to get two, anything that is greed related to Bitcoin and anything that will make you lose your Bitcoin, just avoid it else you will learn the hard way.

PS: I will strongly advise you to read and learn before buying, you will thank me later.

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Quote from: Mate2237 on May 10, 2024, 09:54:53 AM

Yes it i possible foe a newbie in cryptocurrency to invest before learning, and see how it works. As a newcomer to the ecosystem you don't have any knowledge about the system and because of the way people were telling you to invest, you can meet a friend to invest for you and tell him to teach again how to go about the investment. Then from there you started learning and monitor your coins to learn more. Learn how to purchase more to the portfolio and also learn how to sell.

And I think it is one of the best method to invest in Bitcoin. But don't invest with someone you don't know and you don't trust. If not normally it is good for you to know it well before investing and that when you know the person and trust the person as well.

That's the reason why other gamblers learned a lot of things after they invest into cryptocurrency.cause we are all know that without knowledge then Investors will greedy in the capital money then they will sell even though that price is too high. Which means don't have enough strategy cause they are newbie in investment. Anyways we must learn first before emer invest but we can't plesse to those useless who actually spontaneous in Thier decisions. So to prevent losses its better to be wise and knowledgeable.

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Yes it i possible foe a newbie in cryptocurrency to invest before learning, and see how it works. As a newcomer to the ecosystem you don't have any knowledge about the system and because of the way people were telling you to invest, you can meet a friend to invest for you and tell him to teach again how to go about the investment. Then from there you started learning and monitor your coins to learn more. Learn how to purchase more to the portfolio and also learn how to sell.

And I think it is one of the best method to invest in Bitcoin. But don't invest with someone you don't know and you don't trust. If not normally it is good for you to know it well before investing and that when you know the person and trust the person as well.

moneystery

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can a newbie make investment before learning? yes, they can, they can invest in bitcoin even if they don't know anything about it, just search on google there are many articles on how to buy bitcoin. because it's the same as buying a car, everyone can buy a car with their money, but can they drive it? it depends, whether they are good at driving or they don't know at all. so the question that should be asked is not whether a newbie can invest in bitcoin or not, but whether they understand bitcoin investment or not because those are two different questions.

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

Simply put, how can anyone want to invest their money without knowing or without knowledge regarding the assets they want to invest in? although we also see that many beginners come to invest in Bitcoin because of the FOMO they get from friends or from social media.
but I believe before they finally decide to be interested and invest in Bitcoin. at least they will ask friends who have already started. and they can also search for information on the Internet. I think it's very easy to access nowadays.
no one is easy to cheat in investments nowadays. although currently, fraudsters with many methods have developed.

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

If you don't learn before adventuring into any businesses, you'll be vulnerable to scammers that are in that area of business. Many newbies still have a wrong perspective of Bitcoin because of the type of things they hear on social media. They think Bitcoin is a get rich quick scheme and invest with the hopes of getting quick return on their investment, this wrong perspective make them to invest in coin doublers and other ponzi scheme that eventually scam them and then they put the blame on Bitcoin without knowing what they have been investing into isn't Bitcoin but a business that using Bitcoin for their ponzi scheme.

Newbie have to be guided on the type of investments they're getting into before they invest. Irrespective of what the business is all about, always have an Idea of what you're investing into before fully committing yourself to that investment. It's only when you can buy Bitcoin first and still be learning more about the currency while you hodl is when you can do exactly that but you shouldn't buy when you don't have any Idea of what you're investing into. Don't fall to peer pressure or following the crowd in order not to be left out but do things based on how you understand them.

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Quote from: Cosette on May 08, 2024, 11:56:01 PM

If you buy a book or a course that make you learn about something that you want to invest, then its considered as investment before learning.

Seems you are confuse Mate. You did say buy a course or book that will educate you on your proposed investment option is it not after reading or studying the course you then understand how to go about investing in that option. How is then investment before learning?,lol. Understand a post before commenting, we are not talking about buying a book or course as investment in this scenario but in terms of monetary value.

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Quote from: Abu-Naim on May 09, 2024, 03:11:47 PM

Yea, it is a very good thing to do. Learning is the first step to any success and without good knowledge, there will be obstacles along the line which can lead astray.
In crypto and Bitcoin investment, learning is very important because of how volatile Bitcoin market is.
You need knowledge to be able to understand the basic concepts behind Bitcoin, keys and address and lots more; without these knowledges, you will never know the exact way to start and you will easily get scammed due to ignorance, that is why it is very important to learn before you start your investment.

Seriously the question is someway unnecessary to me, because how can you possibly even invest in something that you don’t have knowledge, how do you plan to buy that thing or product, how do you keep it, what the risks involved in this, even a Ponzi scheme scammer will tell things like this before they scam you, so OP since your question is can one make investment before learning, the answer is NO.

The knowledge People say you should seek isn’t necessarily those high or advanced knowledge like how is address created, or how is keys generated. But rather what do they signify, which wallets are best for storage. This are basic knowledge that are necessities which must be known.

Mr.right85

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If your investment goes beyond buying Bitcoin and saving it up in a none custodian wallet, than it’s not worth trying. Many newbies into cryptocurrency and i don’t mean the forum, often find themselves on scam sites, seeking for investment packages on how they could invest their money and be paid royalties periodically for their investments but these often turns out to be trading scams. You could find a lot of that offered on social media and telegram group chats.

What is more obtainable is that, you buy Bitcoin from known exchanges or whatever means available to you, hold it on none custodian wallet while you study. That too is okay.

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Quote from: Plan well on May 08, 2024, 07:41:11 PM

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

The answer: yes, they can.
BUT....
Investing without understanding and studying first is a blind investment. And this will actually be very detrimental to them. At least, we have to have the abstract first before we enter the investment. There's no way to understand what Bitcoin is, its benefits, how to deal with the risks, and the best way to make an exchange and use it. This may not be very significant, but there will be a difference when a newbie invests without any prior knowledge and is equipped with knowledge and insight into Bitcoin with all its risks and twists and turns, which leads to the hope of making a profit.

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Quote from: Pmalek on May 09, 2024, 12:14:08 PM

First of all, you should know what you are investing in before putting your money into it. If you don't know anything about Bitcoin, its history, or even the volatility, you will probably be heading towards many surprises in the future. Sure, you can just speculate, and many people do it. But at that time it's more of a gamble. Serious people with serious investments carry out research before they let go of their money.

Being knowledgeable when it comes to bitcoin creates a higher advantage than those who rush to invest without knowing their investments well. That could be a sign of stupidity, as well as greediness. That’s how majority of newbies who are only here for quick profits loses easily on their investments, even if they have sufficient amount of money ready to invest.

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