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Topic: Do not invest in bitcoin if you don't know anything about it - page 3. (Read 2501 times)

member
Activity: 209
Merit: 10
Yes i agree because investing is a risk so before investing do a lot of researching to avoid lost of money try to study and check the background of the project and invest only small.amount for a beginner.
sr. member
Activity: 1288
Merit: 253
This argument will not be too important for people who are accustomed to investing, the key is with whom you invest and in what field. Many people get lost with bitcoin in HYIP and at the invitation of the people in it. But if from the beginning we have been directly involved with personal trading analysis accompanied by chats with seniors, I'm sure your experience will improve very quickly.

The right pattern is do not be afraid to lose if you want to get involved with any investment, including with crypto, the fear will make you lose forever.
copper member
Activity: 112
Merit: 0
If I don't know much about BTC or crypto, who can I trust to give me sound advice though?
jr. member
Activity: 137
Merit: 1
why not? if a person wants to invest without knowing anything about bitcoin so this is his problem
newbie
Activity: 28
Merit: 0
General in business or trade is important you understand the trade or business before launching out. So having an education about bitcoin before investing is not a bad idea. Education is like a light in darkness
sr. member
Activity: 962
Merit: 269
CryptoDirectories.com

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 when i start in bitcoin i start to learn about it as of now im fully aware the risk and there is no easy money
but when you also learn the idea of it and how it work you will know that long term investment is the key in success in bitcoin
newbie
Activity: 224
Merit: 0
good counsel. fully support. do not engage in cryptocurrency if you do not know anything about it
member
Activity: 223
Merit: 10
I can just gice the advice to any new investors. DO not invest before you know what bitcoin, cryptocurrencies or blockchain is. You will lose your money. You will always lose money when you invest in something you dont know how it works and you dont believe in. Do some researches and know what it is before you invest. So today there are a lot of good articles and videos who explain everything very good. So dont be stupid and loose your money! Watch it!
hero member
Activity: 1190
Merit: 511
Before you join or invest in bitcoin you need to learn first about  Bitcoin on how to manage your bitcoin.
Yes of course, you must know everything about it, don't just rely with the flow because we are seeing that a lot of our friends and in our country who are investing at it, make sure that you know what you are entering at so you won't be in panic when you've seen the price going down.
newbie
Activity: 132
Merit: 0
Before you join or invest in bitcoin you need to learn first about  Bitcoin on how to manage your bitcoin.
newbie
Activity: 98
Merit: 0

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
Yes, for starters, before you invest in the currency, you need to take some time to learn some knowledge about the COINS, I think it is of great help for you. If you're investing in bitcoin without understanding bitcoin, I think you're gambling and you might lose a lot.
sr. member
Activity: 1236
Merit: 252

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
If you do not know for sure and understand it bitcoin and investment I think you have a lot to learn because investments with bitcoin risk is very large, although comparable with the benefits we can get by investing with bitcoin
No it is not that risky but I do agree with one of the thing that you here about bitcoin is, that it is good to make high amount of knowledge and information before you go for investment if you will invest as blindly then it will earn profit for you but the profit will be at your own risk, get info about bitcoin from bitcoin talk forum and you can use YouTube in this regard, so get fast knowledge to get in bitcoin as fast as you can, but invest at any cost because nothing is better than bitcoin mate.
newbie
Activity: 191
Merit: 0
Of course Do not invest if you don't know anything about it. If it is a scam or something . You must know what you're investing in . In a trusted bitcoin .  You must know first and think first. 
full member
Activity: 476
Merit: 108

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
This is exactly what happen in the last quarter of previous year where in market is bullish and bitcoin was getting very popular. Many people thought that buying bitcoin during those time would make them earn quick profit but opposite scenario happen big investor suddenly dump and newly investors are the one who catch the price which bring them to a stack at a high price and getting their investment slowly depreciate its value. So I agree with you that if you don't know what bitcoin and crypto is never  invest  or you will put your hard earned money to risk if you try.
member
Activity: 239
Merit: 10
Yes it is true, that do not invest in bitcoin if you dont know what will be the possibilities when you invested your money to it. Because the only ones who are getting rich and earning more are those who have patiently waited and eagerly spend their money just to invest in bitcoin. And now you should first know what are the possibilities when you invested to btc.
sr. member
Activity: 616
Merit: 251

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 you are right, many people trying to invest on bitcoin without knowing the system that's why in the end they said that bitcoin is just a ponzi scheme. Yeah investing on bitcoin is also a gamble we don't really know what would happen in the next seconds......
newbie
Activity: 196
Merit: 0
Exactly. What's the use of getting into cryptocurrency especially in bitcoin if you don't know about it and what will gonna happen in the coming times. But I believed that no one will take part in investing something if they don't have purpose why they're into it. I'm pretty sure that everyone did a thorough research before joining in.
newbie
Activity: 127
Merit: 0
Just like any other business, you need to study or carry out feasibility study before going into any business venture. It would better to spend up to two to three months doing that, before making a step. You can as well decide to learn by practice but invest only the amount that you can afford to loose.
full member
Activity: 420
Merit: 100
right, do not invest in bitcoin if you do not know anything about bitcoin because investing in bitcoin has a big risk and if you do not know anything then you can lose and lose your money, then you should first learn about bitcoin and the risk
newbie
Activity: 202
Merit: 0

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

This is a good discussion. Money is valuable and is very hard to acquire. We need to work hard just to have a money. If we have business the stress level is also high just to have the money. So if you want to have more money that is why you invest in bitcoin think if very clearly, be sure to have a critical thinking when you invest and you should know how the system works in order not to lose money.
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