Topic: Allow Non-investors to discourage you in your Bitcoin journey...? - page 2. (Read 220 times)

How is it even possible that an individual who doesn't have any knowledge about Bitcoin can give an accurate advice on Bitcoin investment? Some people always criticize Bitcoin and its investors, causing FUD and deceiving others not to invest in Bitcoin, so it's not wise for anyone to easily feel discouraged about the FUD from Bitcoin haters. If anybody want to invest into Bitcoin, they have to learn from some informative material on the internet or make inquiries from those that have a good knowledge of Bitcoin.

Some people are regretting today because they didn't invest into Bitcoin in the early days and some of those people have different reason why they didn't invest on time, some probably listened to wrong advice which they are regretting today.

Most likely those who get discouraged by non-investors are beginners or people who are not confident about their knowledge and skills in investing or trading. Obviously without much knowledge and experience, they might just take any word from about anyone.

But once you have learned even the basics, no one can convince you otherwise that investing in cryptocurrencies is a bad idea. I don’t think I have ever met an investor who was easily influenced by non-investors, most of them hold their stances because they know just how profitable investing is.

Your father's advice is valid but it might not be the case at all times. Sometimes, you can learn from people who are not successful, but it all depends on you to keep learning. The person who introduced me to Bitcoin was not a successful investor. He introduced me to the sector, and I took the time to verify what I learned and went further to acquire more knowledge.


There are fudsters everywhere, so you should always verify before you make any decision. Your ability to verify the information you get from individuals and news outlets is what makes you a mature investor. You should be responsible for your decisions because they money belongs to you.


My mother has always told me to enjoin the right and forbid the wrong. I have learned to always be upright in my quest for financial stability.

It comes down to "dont trust, verify".

Dont trust someone blindly on their opinions, do your own research. That's it.

In the end, it's your money.

I wouldn't say that because if you're taking an advice then that means you've got the initiative which means that you're a hardworking person and it's not fair to say that they're lazy just because they've asked for an advice from someone that's not inclined to what they're investing their time into, in my opinion, people who do that are most likely, people that don't have the proper connections and those that don't go out more to meet new kind of people, in a world that's full of this kind of people, it would be a disservice to yourself to not surround yourself with the people of the similar interest as you.

Not entirely correct.

Even though it's make sense we need to hear from the professional or experienced people, but there's also other advice that can contradict your Dad's advice which is "don't judge by it's cover" i.e. "don't judge someone what he looks, even you meet someone who like a gangster, he might be a good person".

Just like Bitcoin, the creator don't have to be popular in order to make people interested with the project.
Just like merit system, you should merit the post instead of the user.

I think the only investors who takes advice from non-investors are either newbie, lazy or fool, I mean why would they even take it or believe it? they are the investor they should have done their research before investing so they know more than those non-investors.
They should know how to manage their own funds, decide for their self, if they would always rely on other people they would surely end up losing more rather than earning.

People always support what they believe in and will put in all the effort to speak good about it in a manner that makes you believe that what they are saying is the truth and nothing but the truth. If you ask someone who is into real estate what's the best asset to invest into, what will come out of his mouth will certainly aim at demeaning any other investment option out there and will certainly recommend that you go into real estate. Same is what's applicable to someone that's a core Bitcoin enthusiast. As a person, you have to decide which one is best for you and seek advice from people who are already in that sector and have seen good result by working from that sector.

At some point, your parents aren't even the best persons to take financial and carrier advice from most expecially if they are not in the same carrier part you're going into. You've got to know who to listen to. Listning to the wrong person will mean that you're endangering your mind to getting fed with the wrong information that will certainly sware you into the wrong part. Talk consistently with somebody that believes in always waking up in the morning and rushing out in pursuant of 9-4pm job and he will talk you into believing that it's most decent to take that part. Listen to someone that's into meme coin and altcoin and with time you're bent on stacking those shits field up in your portfolio.

The people you listen to matters a whole lot and if you allow a non investor to discourage you from stacking Bitcoin when he obviously have zero Bitcoin experience, you're directing killing your energy and potential to ever become a true Bitcoin enthusiast.

I have been there and received a lot of bad words from the non coiners when I have told them that I am into Bitcoin and invested on it. This was years ago when not that a lot of people have invested on it and can be said one of the earliest still even if I have considered myself to be late. I have never listened to them because I've done my research and knew what I was doing.

This is a common problem for the newbies. They are asking questions to non investors/non coiners and seeking their advise what to do. Good thing that I have not asked any from them and even so, I won't be discouraged by any of them.

I am so fortunate that they've told me to invest but that was already after when I was able to make some profit in BTC. But still with that, it's about diversification and investing in other assets too.

This applies to life in general as well. You shouldn’t let other people judge you and your decisions in life because it is you who knows the most about your life. If someone lacks knowledge about a particular subject, do not take advise from them as they will just spew nonsense to you.
Probably it’s having to try no matter what the result may be.

We often tend to give up even before the game actually starts because we are scared we might lose. But even with the possibility of losing, you should still fight the best that you can. When you are afraid you might lose then at least you know that something is still as stake and you value them a lot.

One thing I learned on this journey was this:

It's a lonely journey, it's you and no one else, you need to study and follow your instincts, without interference... obviously, you watch and read the news in this environment and everything, but when it comes to money it's you alone. .. No one will congratulate you when you increase your purchasing power and no one will feel sorry for you if you lose money, quite the opposite, there will be people wanting to rob you if you become rich, or people laughing at you if you become poor.

Finally, understand the fundamentals of what you are involved in, this is what takes you forward

There's this advice my dad gave to me some years back. He called me and say, "my son, if you want to archive success in what ever you do in life, learn to take advice mostly from those that have archived success in the area you are seeking to be successfull. learn from the mistakes of those that tried and fail but don't allow them discouraged you. "

Some people wanted to invest in Bitcoin but took the advice of some one that have not invested into Bitcoin and the person convinced them not to invest.

Some people invested already and where holding their coins but a non investor adviced them to sell their coins and they sold off quickly and regret after the market boom when they have sold off.

The ecounragment on this topic are: if you want to succeed in your crypto journey, learn from someone that is a real investor or someone that have a very professional knowledge about Bitcoin, draw your advice from a successful investor, learn from the mistake of those that fail and make more research so that you will not make the mistake they made.

Don't allow yourself to be discouraged by someone who is not on same race with you and someone who has never run the race you are about to take.

A teacher was once a student, a doctor was once a student, an engineer was once a student and to balance the equation in the professional work of these people I mentioned, they can only take advice from someone in the same profession with them.  If a surgeon want to operate his patient and has any challenges, he can not take advice from a common man who doesn't have knowledge about surgical procedures, he can not take advice from a musician nor from a football player, he will take advice from a senior surgeon.

So, why will you take advice from a non-inevestor and become discouraged not to invest into Bitcoin too? The person you are taking advice from doesn't even have a decent knowledge about Bitcoin.

What is the best advice you got from your parents that have always been a tool of reference through your journey in life?.