Do not invest in bitcoin if you don't know anything about it - page 2.

santankara

newbie

Activity: 29

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Quote from: TennisQ8 on February 03, 2018, 09:25:19 AM

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who is don’t know what is blockchain also buy bitcoin? Because there are so many new investors investing in it in the hope of making a big profit. But actually, that is not investing that is gambling. Roll Eyes

I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin

I agree with you, I think bitcoin currently has a very high value even many people are tempted by the amount that can make rich.
But bitcoin is not everything, we must be aware that to invest in bitcoin should not for long periods of time because bitcoin is a risky digital currency because it can not be predicted with certainty the decrease and increase.
Moreover, there are some countries that prohibit its use because it is considered risky.

sgenuine

full member

Activity: 854

Merit: 103

Quote from: yujli on April 01, 2018, 03:52:08 AM

Blindly buying bitcoins that you don’t know about, it sounds crazy. Whales really like these people. One of the purposes of promoting Bitcoin is to let more people buy Bitcoins instead of letting more people know about Bitcoins. Bitcoin makes people realize that only Bitcoin can make money

Sometimes these rules are broken. I know people, who did not know about Bitcoin, but decided to follow their intuition and bought BTC. They got the coolest profit.

hashshashin

sr. member

Activity: 728

Merit: 250

Look ARROUND!

This is everyone's business, we can not forbid someone to invest in bitcoin. But the fact that some people blindly invest in the crypto currency, and then disappointed - it's certainly bad. This is human psychology, and we can not do anything about it ...

Altcoindealer

full member

Activity: 701

Merit: 136

XAYA - THE ULTIMATE BLOCKCHAIN GAMING PLATFORM

This warning you should post on every exchange for every new user who is interested to buy bitcoins or other cryptocurrencies. ANd if he agrees, it should come a test with questions who he has to pass. And if he not pass i should not be eligible to invest. But as you know, the exchanges do not interest this, they jst looking for money. So you can assume that maybe 80% of all investors have no idea what a blockchain is and how does it works. They just here for the fast money!

MS.LAWLIET

full member

Activity: 221

Merit: 100

Quote from: TennisQ8 on February 03, 2018, 09:25:19 AM

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling. Roll Eyes

I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin

i also believe that, so many person thinks that being rich through bitcoin is in just one click, you invest and afterwards you will be rich, but this thing is a very wrong ... if the mind set of a bitcoin user is like that then i hope you a good luck, you might be scam and your money will be just a waste.

charlemagne_15

member

Activity: 357

Merit: 12

Quote from: TennisQ8 on February 03, 2018, 09:25:19 AM

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling. Roll Eyes

I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin

I agree with you! People should not give everything they own just to invest and buy bitcoin especially if they don't know it well and not knowledgeable about the best strategy for handling it due to it could be their downfall. People should be wiser in buying and investing in it and some of its way are: you should gathered informations first about their current status, look for the pros and cons then make a judgement, think about it a hundred times and then plan it out before going for it. Knowing this advice, I think it will help you to decide.

shinchan123

full member

Activity: 504

Merit: 100

Quote from: TennisQ8 on February 03, 2018, 09:25:19 AM

Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling. Roll Eyes

I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin

I also believe that none should enter something without knowing more about what he or she is getting into. For someone to invest on bitcoin without the knowledge could lead to failure or not profitting from the investment made because he or she will not have the idea of when is the right time to start. Moreover, he or she will not have the idea when is the right time to cash out or to sell.

MrCrank

sr. member

Activity: 1330

Merit: 258

If you don't know anything about Bitcoin, you can read basic of it only.
Investors can't know how works bitcoin but they can get profit Grin

Buy and hold it Wink

Dr.Osh

legendary

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Buzz App - Spin wheel, farm rewards

Quote from: Corcoran on April 03, 2018, 02:58:40 AM

Every business you run will be very risky if you do not understand what is meant by the business. Especially business about crypto currency. This should be your first study before you invest. Because lack of info can make you think if cryptocurrency is extortion and also fraud

Well, most people just invest with bitcoin without knowing anything, and when prices fall, they become shocked. well, they should be looking for information on what they will be up to, and they keep for a long time.

Corcoran

newbie

Activity: 104

Merit: 0

Every business you run will be very risky if you do not understand what is meant by the business. Especially business about crypto currency. This should be your first study before you invest. Because lack of info can make you think if cryptocurrency is extortion and also fraud

qq555

newbie

Activity: 42

Merit: 0

bitcoin is one of the world's juiciest prizes for hackers. there must be thousands or tens of thousands who've tried to break it, let alone governments and banks, and they all went away with their heads bowed.

this forum would not still exist if bitcoin had been cracked. if it is we'll sure as hell know about it.

julielyn

newbie

Activity: 186

Merit: 0

Quote from: syaripudin on February 03, 2018, 10:25:11 AM

I agree with you even though this time bitcoin is a virtual currency that has a very high asset value but do not let it make us think to spend everything just to make an investment on bitcoin. and I think a very specific study of bitcoin is of course very necessary before starting an investment in bitcoin so that we will not get any losses on investments made blindly to bitcoin.

Yes you do not have to invest in botcoin if you do not know it for example, if you are buying something to ask the sales lady or sales cleck where to buy your money so that your money will not be cheaper if you buy that question as well you need to know first or you search the internet about bitcoin so you have a lot of knowledge here before you invest in bitcoin so you do not have to spend your investment here.

Umar001

member

Activity: 308

Merit: 14

Not only bitcoin, dont engage in any business if you don't know anything about the business, if you do, you are bound to fail, btc investment is unique and complex in nature, which required special training.

SportsbookBettor

sr. member

Activity: 315

Merit: 250

Actually this is so true, a lot of people are investing here without proper knowledge especially newbies. They always think that doing bitcoin will have them secure profits but they don't know that when they invest here. It has risk of losing their money, many newbies wants easy money not only on bitcoin but also to hyips. They must learn everything before investing here don't rush to earnings because it will eventually come as you learn.

genology

member

Activity: 168

Merit: 10

I also believe in this. Actually, do not invest on anything that you haven't researched on. Always do your own extensive research about it. So that you know if it is the right nest to put your eggs.

jordan1989

newbie

Activity: 108

Merit: 0

you will lose your money, if you invest before understanding what and how bitcoin. my advice, you should first learn everything about bitcoin before you decide to invest.

rodztan

newbie

Activity: 60

Merit: 0

Quote from: Xenrise on February 03, 2018, 09:47:16 AM

That is why we have this acronym, Do Your Own Research or simply as DYOR. That would probably the lost of yours if you don't try to research the thing you'll put your investment to. Maybe those people just wanted to follow the trend :/ and that is not healthy lol. Some people I've heard says that why I'm losing my money? Why is bitcoin's price is going down where yesterday the trend was up? Dudes, DYOR.

Yes when I said you did not want to invest in bitcoin if you did not know about it and avoid losing my investment in bitcoin it would be better to do research on google about bitcoin and ask your friend who knows in bitcoin so you get the idea and you apply then pwedi to invest in bitcoin because you know it.

LynielZbl

full member

Activity: 336

Merit: 107

I agree of it. Many people are so excited to profit from bitcoin. But they don't think anything or they even know some knowledge about of it. They know only one things that they will get profit or earn more money because of investing in bitcoin and nothing more. They mus need to research and understand the blockchain technology how its works. So, people who are investing money into bitcoin they should know details very carefully and then invest on it because investing in bitcoin was too risky, so we must have to educate about it so thay we may not loose everything or more money because of investing on it.

ivantrinitron

member

Activity: 75

Merit: 10

📶Decentralized free Wi-Fi📶

This is a very smart topic. But it is precisely those who do not know what makes the exchange more interesting. They create an agiotage and buy bitcoin. The value of this increases. I like it because I get income

Cybil

newbie

Activity: 238

Merit: 0

Yes you are correct, One should not venture into the darkness without a torchlight. You should do your research and acquire a lot of knowledge before investing with bitcoin. It would be waste of resources if you just blindly invest on something that you have no idea.

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