Can a newbie make investment before learning?

Kristiyana

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Quote from: doomloop on May 17, 2024, 11:39:23 PM

Quote from: |MINER| on May 15, 2024, 01:11:22 PM

Quote from: Plan well on May 08, 2024, 06:41:11 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

I will not going to suggest any newbie to invest in crypto before learning because cryptocurrency trading is high risky, you can loss you all fund if you invest with out proper knowledge. Because even then if you want to invest on bitcoin long-term you have know at least the basic about it .

I completely agree with that.

Even if someone knows that Bitcoin is a great investment asset and most people who invest in it for the long-term tend to gain profit from it, it is still important for them to do their research and understand the basics of how things work around it and what steps they are supposed to take before or after investing in it.

Knowledge gives a person more power to conquer things they might not be able to conquer without it, so it's better if our focus stays on gaining as much knowledge as possible before we get into anything, and when we talk about financial markets, it becomes a necessity for us to have a lot of knowledge about the market and the assets in it.

You're absolutely right knowledge is required in all aspects of life, if you don't have knowledge there's no way you're going to carry out your investment plans, because you don't know how the market work's. However is always good to acquire enough knowledge before looking into crypto investment, because in this crypto space enough knowledge is required mostly when it has to do with meme and altcoins investment, you need to understand how the market works before looking out to invest in this coins.

doomloop

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Quote from: |MINER| on May 15, 2024, 01:11:22 PM

Quote from: Plan well on May 08, 2024, 06:41:11 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

I will not going to suggest any newbie to invest in crypto before learning because cryptocurrency trading is high risky, you can loss you all fund if you invest with out proper knowledge. Because even then if you want to invest on bitcoin long-term you have know at least the basic about it .

I completely agree with that.

Even if someone knows that Bitcoin is a great investment asset and most people who invest in it for the long-term tend to gain profit from it, it is still important for them to do their research and understand the basics of how things work around it and what steps they are supposed to take before or after investing in it.

Knowledge gives a person more power to conquer things they might not be able to conquer without it, so it's better if our focus stays on gaining as much knowledge as possible before we get into anything, and when we talk about financial markets, it becomes a necessity for us to have a lot of knowledge about the market and the assets in it.

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Quote from: Abu-Naim on May 17, 2024, 05:26:21 PM

Quote from: Plan well on May 08, 2024, 06:41:11 PM

Take your time learn and implement before you inter market or make any investment as a newbie

Yes, that’s very correct, but you as a newbie, can you stay to learn while other people are using shitcoins to make money?
Money is basically the main reason why newbies invest in cryptocurrency, they are mostly eager to make money that’s why they are not considering learning first. The normal procedure is learn first before investing in Bitcoin or any coin for your choice.

But we all know not all newbies follow this but resort into taking short cuts to gain quick earnings. The reason why a lot of newbies end up losing and quitting because their capital were used up already before they have gained substantial learning in bitcoin. Hopefully, this could serve a lesson to everyone that it’s not possible to chase quick profits when you don’t even know the nature of your investment first.

SATWAT

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There are many views and advices about this with usually we need to understand things before having any investment because this is best for the investment and investor with investing in bitcoin is never been risky as we all know but using any tool or trick for having quick profit can create problems for the user so just try to avoid things like these and first try to learn all then having investment in these things are much better and profitable for all with just keep one thing in mind if you are going to do anything try to have all knowledge and updates about this because if you will be lost your money it's not easy to recover this which can ruin your life as well.

Abu-Naim

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Quote from: Plan well on May 08, 2024, 06:41:11 PM

Take your time learn and implement before you inter market or make any investment as a newbie

Yes, that’s very correct, but you as a newbie, can you stay to learn while other people are using shitcoins to make money?
Money is basically the main reason why newbies invest in cryptocurrency, they are mostly eager to make money that’s why they are not considering learning first. The normal procedure is learn first before investing in Bitcoin or any coin for your choice.

stadus

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Quote from: sunsilk on May 15, 2024, 04:26:34 PM

Quote from: |MINER| on May 15, 2024, 01:11:22 PM

I will not going to suggest any newbie to invest in crypto before learning because cryptocurrency trading is high risky, you can loss you all fund if you invest with out proper knowledge.

While I am going to suggest them to invest in Bitcoin only if they want to start. But it doesn't mean that they need not to invest to learning first. Every investor should be wise and that's what I am going to tell them to do. They need to DYOR.

Even it is with Bitcoin, they need to understand how it goes and how the market works for everyone. If they proceed to trading without that much understanding and idea of how the market works, they're just burning their money easily.

Quote from: |MINER| on May 15, 2024, 01:11:22 PM

Because even then if you want to invest on bitcoin long-term you have know at least the basic about it .

I agree and I hope they understand it very well.

Investing in bitcoin is not actually risky. It only gets risky if you see it as a get rich quick tool. However, of course basic learning is vital so you can avoid too much losses while starting, and I think that’s not hard at all. Just merely reading and understanding what you have read can also already provide you valuable insights. Just never stop learning and finding out the reasons why you lose consistently, that way you will master your investment in due time.

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Quote from: Plan well on May 08, 2024, 06:41:11 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

Let's not make the line between investment and knowledge too extensive. One can invest with out proper knowledge of what he or she is investing on and one can still have a proper knowledge yet not invest. It's vise visa.

If you have the capital why not invest and long the line of your investment you are learning already. Some people invested in bitcoin with out a proper knowledge all the knowledge was how to buy bitcoin in an exchange along the line of having bitcoin somewhere they got interested in knowing how to maximise the opportunity they had which is the learning we are talking about hence the knowledge is in the process of purchasing.

Some benefits of knowledge about bitcoin or having a proper knowledge of it is just be sharing your knowledge or teaching people about it for payment, just as we that participate in a campaign we are examples of people who benefit from having bitcoin knowledge before investing in it though I'm not generalizing this statements because some invested before finding the forum.

Victorik

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Those who refuse to learn before investing will definitely end up learning the hard way. It is safe to learn first so you can be able to make inform decisions.
I remember my very investment in BTC, because I refused learning before investing, I ended up running into trouble that cost me my money.

Filippo Spina

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You're asking a really good question.

Answer is hard no in my opinion, because currency is so vital to your lifestyle and success. If you're uneducated about where you put your money, it's like putting it in the trash. Would you put currency in the trash? Heck, no! Grin

Even with bitcoin, an investment more secure than real-estate, because an uneducated bitcoin investor is just gunna end up wasting those coins with dumb-ass decisions.

But then again, a newbie just wants to survive and thrive. A newbie just wants to win. If you invest without learning, it's natural bro. You just want something and that's ok too!

Good luck, ok?

<3

Kelvinid

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-Can a newbie make investment before learning?

Investing in Bitcoin is not as easy as we think, therefore, it is not, newbies must know their priorities first before making a move so they will never find it regretful, and then no way to blame the market for their stupidity and rush. Learning first is hereby encouraged not just to have an idea of what is this all about but for the reason that investing without knowledge is just like we are throwing our money -- a waste of time either.

We don't need to spend a lot of time doing this but at least, we have an idea of how these things work as we can't invest like gambling. But we did this for the goal of success, not failure.

Essential10

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There are many who are attracted by various news, friends or close relatives who express their interest to invest, many new investors invest. Of course beginners should do research and judgment analysis before investing as there are thousands of coins in the market to invest in. However, there are many new investors who understand Bitcoin and invest in cheap coins in the hope of getting a higher price. The bottom line is if you want to invest then definitely invest in all those coins, analyze all the coins, give time to understand the movement, understand where the price is going or where it may go. But I think if someone now invests before understanding bitcoin ethereum coins then I don't think he will be at risk, as it is a long term investment here investors will definitely get time to learn about the coins.

Kristiyana

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Quote from: Fara Chan on May 17, 2024, 12:18:54 AM

Quote from: Plan well on May 08, 2024, 06:41:11 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 the goal of the beginners was only to invest in Bitcoin, I think there would not be so much time that the beginners would need to spend to increase their knowledge. Unless these beginners are people who really don't know about Bitcoin or how to buy Bitcoin in the market, it is clear that they still need more time to learn. But if it's just for investment, they only need a few things that they have to learn and these include how to buy Bitcoin on a well-known exchange and how to store it in a wallet that is considered safe by many people. Apart from that, they only need knowledge about Bitcoin and knowledge about how to see better market moments in order to increase their enthusiasm in investing in Bitcoin.

I totally agree with you on that, as a newbie is good to start with bitcoin investment because in bitcoin investment There are just few things you need to know, secondly the reason why newbies need to start up with bitcoin investment is because the risk that is involve in bitcoin investment is low compared to the risk in other coins like meme. and if you're investing in memecoin enough knowledge is required these are knowing the right time to buy/sell your coin, and also how you can go about those risk that is involved when investing in memecoin, and as well understanding the market very well.

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Quote from: Plan well on May 08, 2024, 06:41:11 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

Nobody gets scammed if nobody are able to believe in huge rewards for doing nothing. Sadly, because of greediness some people take the bait and fall into this kind of trap. Even if you had knowledge about cryptocurrency, it doesn't mean you are safe, we never know their mind because many intelligent people fall into their hands as well due to promising offers.
But at least having some ideas about how this works, will save others who are not greedy.
It is not just like we need it but it is a must if we want to grow up and reach our goal. As we take responsibility for our investment, therefore, it is our well to do it otherwise, never consider ourselves as an investor.

Fara Chan

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Quote from: Plan well on May 08, 2024, 06:41:11 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 the goal of the beginners was only to invest in Bitcoin, I think there would not be so much time that the beginners would need to spend to increase their knowledge. Unless these beginners are people who really don't know about Bitcoin or how to buy Bitcoin in the market, it is clear that they still need more time to learn. But if it's just for investment, they only need a few things that they have to learn and these include how to buy Bitcoin on a well-known exchange and how to store it in a wallet that is considered safe by many people. Apart from that, they only need knowledge about Bitcoin and knowledge about how to see better market moments in order to increase their enthusiasm in investing in Bitcoin.

YUriy1991

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If that is what you are discussing and asking, it will be very useful for other beginners, the world of investment has very interesting components to learn and don't rush into it. Bad things happen to weak people. Weakness here is not physical but knowledge of what to do and the risk here is that if we make a mistake we will lose our money.

Now. Anticipating this, it's a good idea to learn the basics first and even if you really want to invest and trade, it's best to use a small amount of initial capital where the risk of failure is not too much and you'll quickly find the gap. Another option that is best is to invest long term if you are ready.

Renampun

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Quote from: Plan well on May 08, 2024, 06:41:11 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

learning while walking is good but your journey will be very difficult, the point is that you have to be willing to work harder and extra to make your goals achieved, if you want to learn about bitcoin or investing in crypto then you can look for it on YouTube or articles that touch on that.

I was also a beginner at the beginning, but with consistent determination, I managed to at least understand the basics of Bitcoin and its price history, it was quite an exciting journey starting knowledge in crypto from zero.

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Quote from: Plan well on May 08, 2024, 06:41:11 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

This is very important, you must first understand what you are actually investing in, you must understand the ins and outs and also the price history of the asset. i am still continuing to find out about Bitcoin and its development possibilities, this makes me feel comfortable with the money i put down to buy Bitcoin, just basic knowledge is actually really good, it's just that many people are lazy to do the research.

Nothingtodo

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Quote from: Plan well on May 08, 2024, 06:41:11 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

Experience is an important factor for any person, an experienced person can be more successful than an inexperienced person at any job. An experienced investor and trader can always pay attention to the issues of loss, but an inexperienced investor and trader cannot pay attention to the issues of loss and if he does not know the issues that must be paid attention to in doing that trading, then he will definitely face losses. So, a new trader must learn the basics of trading before trading, then if he is experienced, he can trade.

Stable090

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Quote from: Plan well on May 08, 2024, 06:41:11 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

Before you invest, make sure you accumulate more knowledge first, if you invest before you seek for knowledge, then you will end up falling in the wrong hands and you will be scammed. Bitcoin investment is not what you are suppose to rush into, always take your time to learn about bitcoin investment, if you are in rush to invest, then you might be losing your money at the end. Cryptocurrency is not what you should rush into, having the appropriate knowledge before investing, is just the best and after investing, you have to keep on learning to keep yourself updated.

Onyeeze

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Quote from: Plan well on May 08, 2024, 06:41:11 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

as a newbie I think that is good to learn first before you make your investment, because investment is a risk and you have to know the kind of risk you will take before you invest, sometimes we do allow people to make use of intelligence by deceiving us, as someone who is amateur in any investment of different kind, have to make a research knowing that its finance we do use for investment and we have to know the concept very well before we invest on it.

Sometimes we don't make research and also observe people who is already in existence in that investment aspect we want to establish, investment is something you have to take your time to know the foundation of it, because if you fail to know the rules and regulations of it you will not accelerate well.

Topic: Can a newbie make investment before learning? (Read 626 times)