Do not invest in bitcoin if you don't know anything about it - page 28.

noictib

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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 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

Yeah this is a big truth that people are blindly doing investment in bitcoin that is not a good thing , and also they are only seeing the growth that is going on and I don't think that is better way to bet with your money that you earned from hardwork .
Here I would like to suggest everyone that first understand how the bitcoin is working and how the value of bitcoin is specified and what is history i.e how much big dump and pump happened and what type of problems arise with bitcoin like legalisation matter in many countries .
And after these history make suitable amounts only to invest i.e doesn't matter whether to loss or make ( your risk your loss/profit ) .

billionaireSHS

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I agree with that sir, so in this case people must need first to know about the world of bitcoin. So, how? By simply read and read about bitcoin discussion or in any forum that talks about bitcoin. In addition, you can also research for it in some sites like google for you to have an idea on it, because for me reading is important for us to have a knowledge on that particular topic. In reading also we can learn some technique or strategies that we can use or we can apply in our every day lives.

Farvin2

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I think the great investors are investors who know where they are investing. Today there are a lot of news about the bitcoin is an investment that is profitable, so many people are without a doubt to invest even though they have little knowledge of the bitcoin. I hope everyone who intends to join the cryptocurrency knows about bitcoin and the blockchain.

Oasisman

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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 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 guess its impossible for a person who is participating in this forum to not know everything about Bitcoin and the Blockchain. We all have the knowledge (here in this forum), but we all differ on how we handle our investments. Some doesnt know how to find a good entry point and some cant decide when to harvest their long term investment profit.
On the other hand, Yes, Investments are some sort of Gambling with different level of Risk. Bitcoin belongs to the High Level Risk of Investment, but knowledge, patience, and composure makes it less risky.

icecream sandwich

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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 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 am a student and at first i do not know anything about bitcoins so i am not investing in it because i might lose my money because there are people that are saying it is just a scam but after i gain some knowledge of them by joining in this dorum i now have a lot of knowledge to bitcoins but i am contented in joining in a campaign and gaining bitcoins rather than investing my money on it. It is more safe for me.

heninur

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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 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

with the growing popularity of bitcoin, certainly more and more people are investing their money in bitcoin, because everyone knows that by investing in bitcoin can generate huge profits.
I agree that many people are investing in bitcoin but with minimal knowledge of cryptocurrency, while not every time we get a profit in bitcoin, there are times when bitcoin has a low price and gives a loss to investors, hopefully people who invest in bitcoin know risks to be faced if investing in bitcoin.

BlackRacerX

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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 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

Well versed and message is clearly delivered. Don't invest in something you don't fully understand. Study the system first to better understand the moves you'll be making to make your investment grow. Don't just ride the hype train and blindly put in money without clear evaluation of the situation you're gambling on.

batang_bitcoin

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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 ...

Bitcoin is for everyone so regardless what your career is, you can invest in bitcoin.

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

who are don’t know what is blockchain also buy bitcoin.

It doesn't matter to them if they don't know blockchain as long as they know bitcoin and they believe that their money will grow by holding it.

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

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

Investing = gambling, gambling / investing = risk.

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

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've seen those articles that has people who invested all of their properties and even life savings to bitcoin, that's how they believed it and as you mentioned it's a gamble. Wink

thenameisjay

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True enough, people who are interested in investing on bitcoins must know first what bitcoins are in the first place and how extremely volatile it is. Some newbie investors jump in immediately and then sell at an extremely low price just to cut their losses.

19faraon88

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You are right on this. People should research and read first about bitcoin, like what is its origin, process, who to earn and trading transaction, before they invest. We say this because we want you to earn profit like us, we want you not to be panic if price is dropping. If investor have knowledge about the flow of trading, he/she will not sell the bitcoin.

Allura74

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Quote from: Harrisonimo on February 13, 2018, 04:47:05 PM

I did try putting hard earned money into it and now still awaiting its recovery! All these happen because I didn't get enough info. But the best bet is to earn the bitcoin here via digital marketing then you could use the money earned to reinvest into other ICOs.

That is why we should familiarize first all the way points in crypto world and its strategy prior investing so that our asset will not be compromise and gone for nothing, as there is no such easy thing in earning money all of it needs a tricky way and good skill prior having it. Therefore plan everything and make alternative strategy.

SummonKing2

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It's only right that you do not invest when you do not know or do not make sure you pay for it, it's important that you invest in that trust and know everything and of course ask questions before you enter the investment. I’ve been watching this bitcoin situation for a few years, assuming it would just blow over. But a collective insanity has sprouted around the new field of “cryptocurrencies”, causing an irrational gold rush worldwide.

gledek

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it may be for the layman do not invest first, understand first, learn first may be more precisely. if for those who are proficient why not, this makes the rich, the most important already know the risks.

Harrisonimo

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I did try putting hard earned money into it and now still awaiting its recovery! All these happen because I didn't get enough info. But the best bet is to earn the bitcoin here via digital marketing then you could use the money earned to reinvest into other ICOs.

ScottW

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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 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'd only call it gambling if you were looking to day trade it without knowing how.

But for long term investment and return, it certainly is a good avenue for those looking to increase their net worth.

Cool

Ailmand

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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 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

That's right. Same as true though with every other cryptocurrency venture there is. It's a market that requires a lot of research and knowledge to get by. If you would just dive in without any information, most of your moves would surely amount to a loss, which would make you hate the market so much. In this market, the more knowledge and experience you have, the better guide you have to know which investments would make it and which would not.

Altero

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Quote from: fuer44 on February 13, 2018, 07:37:35 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.

A lot of people keep worrying and blaming others if thew saw that bitcoin price are dumping, and we can say that those people are totally know nothing about crypto investment. They simply they put their money for the seek that they want to gain profit faster and in easy way without understanding on it, which also makes people be fooled by someone and goes into nothing.

Irvinn

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This is true in the sense that the rush to buy bitcoin for profit makes an uncontrollable increase in the rate of bitcoin, and it is forced to swell as a financial bubble. Therefore, it is to blame for the fact that bitcoin is becoming a bubble by the people themselves who constantly invest in it. When bitcoin is inflated in its value, it becomes risky for all its holders, because the likelihood of its deflation and depreciation increases.

MaleKing

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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 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 think the best way to learn more about bitcoin it's to actually put some money into it, not too much at first, see how it goes, then go all in if you have the heart and the brain.

yummydex

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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 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.its very important for those who are in bitcoin to still have a stable income for example a stable job.you can not rely on something that is too good to be true like to earn an instant money only by bitcoin.

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