Yes of course not, because if you do not have knowledge or a good foundation to invest then you should not invest first should learn or add knowledge about crypto and blockchain so that no one step in making decisions because it can be fatal if wrong in stepping for beginners.
All must have knowledge so that everything works well and in accordance with our goals.
Topic: Do not invest in bitcoin if you don't know anything about it - page 25. (Read 2501 times)
February 15, 2018, 06:25:57 AM
February 15, 2018, 06:18:48 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.
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.
Yes, you are definitely correct because if you invest on bitcoin without knowing anything about it then there is a higher chance that the people or person that you invested on bitcoin will be a scammer and makes your weakness to become their strength. Many people still buying bitcoin even thought they didn't know about it anything because I think when they hear the word "bitcoin", money is the first possible thing they would think.
February 15, 2018, 06:17:56 AM
This is the most important rule. Don't invest if you don't know anything about it. research before and learn the stuff you need to know before
February 15, 2018, 06:11:01 AM
For me yes you need to know bitcoin first before investing because you need money and time in this kind of investment you have to have knowledge on bitcoin
February 15, 2018, 03:36:34 AM
knowledge of the bitcoin market is very important before actually starting investing or trading. you can go bankrupt if you do not know the state of the bitcoin market. before the popular bitcoin, there used to be forex trading. at first glance looks easy, because we only buy money when the dollar rate down and sell it when the dollar exchange rate rises. but it turns out that forex trading is difficult if not know the state of the forex market.
People will still invest in Bitcoin without knowing about it. I agree though, I wouldn't invest in something that I don't understand.
February 14, 2018, 01:10:53 PM
Yup, and this is the cause of the big Pump in december and big dumb in January. People, blindly investing in Bitcoin to make fast cash...
February 14, 2018, 01:07:40 PM
The bitcoin market is very important before actually starting investing or trading. You can also go broke if you do not know the state of the bitcoin market. Before the famous bitcoin there used to be forex trading. At first glance is easy because we only buy money when the dollar rate down and sell it when the dollar exchange rate rises. 
February 14, 2018, 12:08:41 PM
Let that speak for not only bitcoin,any fucking investment where you can't afford to lose your damn money and then cry about it,then borrow another loan to pay off the previous loan you got for your investment and then again borrow a new loan for paying off interests on loans,basically a vicious circle.
But actually that is not investing that is gambling.
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.
Its not gambling either,it is upright stupidity. People do blindly participate in this shit because they are stupid. Money makes their mind act really bad.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.
February 14, 2018, 11:43:14 AM
The starting point for bitcoin and cryptocurrency investment is knowledge. Balanced, correct and timely information about market movements and the price direction. You must be ready to invest what you can spare and only that. That way, you keep yourself and loved ones from the pressure that may result in a downtrend of market value.
Get it right before starting. Apt and wise.
Get it right before starting. Apt and wise.
February 14, 2018, 11:36:28 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.
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.
February 14, 2018, 11:20:30 AM
I completely agree. Everyone should first try to learn about crypto before putting money into it. At least, learn the basics.
But sometimes, I do think bitcoin as a gamble even for people who have done their research.
But sometimes, I do think bitcoin as a gamble even for people who have done their research.
February 14, 2018, 11:15:22 AM
It's too easy to learn honestly Everything you need you can find in google without any problems because you are not first newbie who want to invest in bitcoin.
Everything you need you can find in google without any problems because you are not first newbie who want to invest in bitcoin. February 14, 2018, 11:07:26 AM
for me, it is given that you should always try to look at the company's background you're investing into. Ask yourself, Why would you like to invest here? is this a scam or legit investment? Before investing in bitcoin you should at least know what bitcoin is, or any background about it. Many newbie investors here invested on bitcoin because of the trend and the sudden spike of the value of bitcoin.
February 14, 2018, 10:58:54 AM
You are giving a great free advice here. People should listen to this because it is important to learn and study it before you get into it
February 14, 2018, 10:58:47 AM
Right , now bitcoin is defined to many persons , but anyone must understand alot about it, also firstly understand about blockchain technology before investing at bitcoin
February 14, 2018, 10:52:39 AM
I agree (in a way) with the author's opinion that it’s not wise to invest in cryptocurrency if you know nothing about it, but I also think that knowledge is something that can always be gained (no matter how old is the person, who is in the process of learning). There is plenty of information all over the internet. Reviews, articles, even forums can be helpful sometimes. Personally I’ve read maybe almost each review on most exchanges, before I decided which I’m about to use
Some of my favourite newbie sites: https://99bitcoins.com/ https://blockgeeks.com/
And some of the most useful reviews (at least for me): http://www.katiewager.org/cexio-review https://www.finder.com/kraken-exchange-review https://coincentral.com/coinbase-review/
Some of my favourite newbie sites: https://99bitcoins.com/ https://blockgeeks.com/
And some of the most useful reviews (at least for me): http://www.katiewager.org/cexio-review https://www.finder.com/kraken-exchange-review https://coincentral.com/coinbase-review/
February 14, 2018, 10:10:25 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.
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.
But if you have not that much money, of course, do more research about bitcoins or other altcoins.
Most of the investor as you said just want to make quick money from these projects.
And that is why bitcoin goes crazy.
February 14, 2018, 09:54:22 AM
For now, it is true that bitcoin is a global investment boom, but those who do not understand the cryptocurrency market should not enter the cryptocurrency market at random.
Because the market is so risky, even if there are lots of opportunities to make money, there are many opportunities to lose money.
Because the market is so risky, even if there are lots of opportunities to make money, there are many opportunities to lose money.
February 14, 2018, 09:50:03 AM
I agree with you. Because many now invest in bitcoins at a sharp rise in price. And there they are losing because it will gradually fall. So you should be timing invest in bitcoins. Should you have the cheap price you buy for the re-price increase you will earn substantially.
February 14, 2018, 09:27:34 AM
Investing in bitcoin is a good decision but before investing, be sure you have atleast a little knowledge about bitcoin so that you know how to handle situation especially if there's a big crash of bitcoin price.
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