Can a newbie make investment before learning? - page 5.

Amphenomenon

sr. member

Activity: 700

Merit: 470

Hope Jeremiah 17vs7

FOMO is the main reason crypto newbies fail to learn firstly before investment while they might be lucky if they maybe lucky investing in bitcoin before learning this can't be said about altcoins which needs more research in order to avoid scam coins or coins with little or no value, though investing in bitcoin without proper knowledge about how to securely store your coin is the worst mistakes for bitcoin newbies.

Quote from: Cryptomultiplier on May 08, 2024, 06:51:48 PM

You clearly are a very newbie indeed for coming up with such a post that sounds rhetoric or should I say you just need the attention.
Why should someone without a proper investment knowledge, invest their hard earned money and hope to make profit, before they then learn about what they have invested in and hope to invest more, make more profit and become a professional all of a sudden?
It makes no absolute sense, infact how does the learner acquire the investment and keep it safe before they learn how to?

Actually this post is good there are alot of bitcoiners and others into crypto currency that didn't have knowledge before investment, I actually have a friend who is Dad was persuaded to invest in an altcoin that has little or no value, seems like it was a stable coin or something close to it and this was over 10 years ago, he was advised to HODL for about 5 years from which the price did dropped more.

Another proof while this is important is from the fact that before many of us joined this forum we were already into the crypto space but not knowledgeable about the right wallets and ways to store our coins. Thank God for BTT just imagine what ignorant might have caused us without this forum

Darker45

legendary

Activity: 2576

Merit: 1860

Yes, a newbie can. As a matter of fact, there are so many newbies who prefer to invest first and learn later. I hope that's out of excitement or too much eagerness rather than laziness or carelessness. Either way, however, the risk with this approach is very high and you could end up exactly in the opposite situation of what you were hoping. Rather than profit, you'd have losses.

What's even more unfortunate is that there are some, or perhaps many, who have already made investments but didn't exert effort to do research or understand Bitcoin right after. They aren't newbies anymore in the sense that they've already made their investments many months or even years ago, but they remain lacking of the most basic Bitcoin knowledge.

Bravut

member

Activity: 224

Merit: 42

It will be very naive of any person wether newbie or not to invest without prior knowledge about such investment. Leading comes before anything most especially in a financial market like Bitcoin. You will surely end up losing and keep losing because you know nothing. Remove the L from learning we have Earn, it just like you asking” Can one drive before learning how to drive”.

In every sense this isn’t worth a question to ask, everyone with a right sense of thoughts and judgement know and understand that the most important factor is knowledge it doesn’t need to be a newbie.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

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

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.

Cryptomultiplier

full member

Activity: 952

Merit: 232

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

You clearly are a very newbie indeed for coming up with such a post that sounds rhetoric or should I say you just need the attention.
Why should someone without a proper investment knowledge, invest their hard earned money and hope to make profit, before they then learn about what they have invested in and hope to invest more, make more profit and become a professional all of a sudden?
It makes no absolute sense, infact how does the learner acquire the investment and keep it safe before they learn how to?

Its more like penny wise pound foolish and the best advice is to put your money where you know what can happen, in what you have a fairly sound knowledge of and can secure primarily and in what gives you the best advantage over your freedom and independence.

Abbatty

full member

Activity: 102

Merit: 21

From your thread it shows you are asking a question and you still went on to answer it, this is one mistake alot of newbies make and it clearly show you didn’t really read the forum rules and regulations before engaging it activities.

Back to your question, it never advisable to a new to begin investment without having proper knowledge about bitcoin. How can you even put you resources into something without making research about it. I will call that total carelessness. You to make research to know if it actually the appropriate time to invest.

Plan well

newbie

Activity: 22

Merit: 3

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

Topic: Can a newbie make investment before learning? - page 5. (Read 630 times)