Can a newbie make investment before learning? - page 3.

Shamm

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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.

Mate2237

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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.

Awaklara

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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.

CryptopreneurBrainboss

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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.

Bravut

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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.

EL MOHA

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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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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

This is just another topic that even an elementary grader will be able to answer correctly. Now, if you are a responsible investor, you will stick to what is right and basic. Know your investment first before you start risking your money. Do not take shortcuts wherein you tend to invest first and learn your first lesson as well, that will only put your losses at a high rate. Instead, follow the path of those early investors who are successful today. Take the time to study your investment first, until you gain your own confidence investing in it.

Ndabagi01

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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

Treat bitcoin like any other investment that you’ll have an experience about before putting your money into it. Without prior knowledge about bitcoin, it’s not advisable to invest in bitcoin because you stand at a very high risk of losing all of your assets. Without knowledge, you’re prone to scammers and also you can expose yourself to phishing attacks which are one of the easiest way they can get through your savings and cater away with all that you’ve invested. Some have argued in the past to buy bitcoin when you know about it in order not to lose at buying early like other investors. But the truth of the matter is that, if you do so, you will end up buying early and end up losing everything to scammers because you don’t know how to secure and protect your account.

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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

It's obvious if you don't even know how an investment is done or how you can make investments in something, you can't do it right. Newbies who get scammed tend to invest their money in websites that use Bitcoin's name and ask people for investments and promise them high returns. Now if someone understands that investing in Bitcoin means buying Bitcoin from an exchange, they wouldn't be making such mistakes, right?

This is the reason why one needs to understand everything before they get involved in something, especially if they know there are finances involved because you can't risk your money on something that you don't even understand even if you have heard that it provides profits. So even if one is doing everything right, they still need to understand everything.

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Quote from: Russlenat on May 09, 2024, 06:30:21 AM

Quote from: boyptc on May 08, 2024, 07:55:44 PM

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

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

Don't take any shortcuts.

Give importance to your hard earned money without having some time in learning what you are about to invest. It won't hurt you a lot and won't cost you that much if you're going to learn first where you'll invest your money.

Don't be the same with those people that are relying to the flock of the crowd where they're putting their money without thinking and knowing what they are investing with their money.

Take one step at a time and don't rush so that you won't get fooled by anybody and you'll understand what you are investing.

Don’t be greedy as well, that will only force you to take shortcuts believing that you could end up with quick and huge profits. Instead, follow the process. Make an in-depth research and study. Know your investment well, before you take such risk to invest your hard-earned money. That could be the best way possible in order to avoid too much losses and increase your chances to stay in profits.

Yeah, that the process naturally and enjoy it.

Because a newbie that's making an investment shouldn't hurry for them to understand how the market's concept works.

It's about the process that they need to analyze and understand and then, that investment approach will be learned and everything seems going to be easy mentally and emotionally.

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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 talking about investment in bitcoin, then you may be right on that advice of investing before learning and the possibility of success along the line is there, since bitcoin is less volitile compared to other coins in the market, also bitcoin can be hold for long term without the risky of losing all the investment because of market crash.
But when you dive into the world of altcoins, it then means that you have chosen a more volitile approach that way you need alot of knowledge experience and expertise to make profits from them, so you can't chose altcoin before you leave about it and also because of the high risk with altcoin, you can confidently hold it for long term based.

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Quote from: Rockstarguy on May 09, 2024, 03:07:08 PM

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

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

Their is nothing to learn much, all you just need to know before investing bitcoin is to use the right wallet and to know how to secure your wallet, you also need to understand how scammers work because beginners are always target of scammers. Then you also need to understand that investing in Bitcoin does not make one to become rich quick and you should understand that the market is very volatile and you Need to invest only the amount you can afford to lose which you don't need to depend on it to give you profit very fast. If you can understand all this I don't think you will have problems in investing in Bitcoin.

Well I disagree with you, knowing the right wallet and how to secure your wallet is not enough for a beginner who wants to invest in Bitcoin, is it possible for someone who does not have any knowledge of Bitcoin to know when to buy Bitcoin to HODL? I believe there's so many things a newbie should know aside the things you talked about because for someone that knows how create wallet the person may still find it difficult to buy Bitcoin or transfer Bitcoin from his wallet to make p2p transactions. The newbie will not even understand what the market is all about if not properly guided that's why it is advisable they get knowledge first before rushing to invest.

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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

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.

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

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

Their is nothing to learn much, all you just need to know before investing bitcoin is to use the right wallet and to know how to secure your wallet, you also need to understand how scammers work because beginners are always target of scammers. Then you also need to understand that investing in Bitcoin does not make one to become rich quick and you should understand that the market is very volatile and you Need to invest only the amount you can afford to lose which you don't need to depend on it to give you profit very fast. If you can understand all this I don't think you will have problems in investing in Bitcoin.

GiftedMAN

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A newbie with zero knowledge will not have a good investment in Bitcoin because Bitcoin investment is not like every other investment where you can just buy and resell your products to make profit you will need to learn when you are to buy and the right time for you to take profits and if you have no knowledge you may find it difficult to create and secure your bitcoin in your wallet, you may find it difficult to secure your seed phrase and lack of knowledge may even lead to loss of funds because a total newbie may be exposed to strangers and scammers who may apper as helpers but at the end they will leave the person empty.

It is risky to invest without adequate knowledge so instead of rushing to be seen as someone who has invested in Bitcoin,you can save your self the money and pay attention to getting a good knowledge on what you need to invest in before ok putting your money. If you know you can keep making research after investing in Bitcoin, that's going to be helpful to if you must invest without knowledge but be ready to accept whatever outcome you get but I will rather go for knowledge first before investment.

Zoomic

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Whether newbie or not, no one should invest in any project they have no knowledge about. Bitcoin sure seems like an interesting investment, especially when we see those that are already successful in it. Bitcoin investment is a high risk investment which no one should enter into it without having prior knowledge of what they are putting themselves and their resources into. Majority of the people who are criticising Bitcoin and claiming Bitcoin caused them great loss instead of gain invested in Bitcoin without really learning about what Bitcoin is really about. They joined the Bitcoin family with very high expectations while failing to pay attention to the other parts of Bitcoin investment that makes it risky.

People should normalize gathering sufficient knowledge about whatever investment they intend to go into, this will go a long way in reducing their risks.

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