Do not invest in bitcoin if you don't know anything about it - page 31.

xSkylarx

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Quote from: JesusCryptos on February 08, 2018, 06:57:23 PM

This is a very clever recommendation, and people should be forced to undergo a little test to establish they have a clue what Bitcoin is and what they are doing before they are allowed to buy it. I guess most of the people have really no clue, which is not good for Bitcoin itself.

Of course you must know all of the things that you must know about investing before you do it, actually it applies on all of the things that we are doing in our everyday lives, if we don't know anything about that things that we wanted to do, then we could end up losing the things that we have risk to perform or do a certain task or thing. For example is when starting your own business, if you are just going to start without any plans then you will just lose the capital that you have spent on building your business, simple as that.

Gaff

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Quote from: mx667 on February 08, 2018, 07:05:27 PM

Quote from: JesusCryptos on February 08, 2018, 06:57:23 PM

This is a very clever recommendation, and people should be forced to undergo a little test to establish they have a clue what Bitcoin is and what they are doing before they are allowed to buy it. I guess most of the people have really no clue, which is not good for Bitcoin itself.

Of course man. I think most of people already know that. If you want to invest into something, you got to learn the whole system and that "thing" you are investing. Because if you do not know about that, all you do is as the same as gambling. You do not know whether you will profit or not with your investment. That is why it is so important to know the thing that you invest in. I think many people already know that, but it turns out that my thought was wrong. I once saw some people who argue and have a discussion on the facebook and some online forums. There are people who do not know anything about the crypto world, but they want to invest in Bitcoin. And when the price of Bitcoin go down, they become panic.

Yes maybe people didnt really invest on things whom theyvreally didnt even know yet I believe that even in our daily life we must be temperate and learn first things before ingaging into it.I believe that we must do searching first on the investment feild before doing an act of gaining.

Cedie

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I could not agree more to the main topic. It is very true that many people are investing without even knowing what bitcoin is. I think one primary requirement before you buy bitcoin, considering you have internet access, is to read first Satoshi's whitepaper. It is a very good starter since it discusses all about bitcoin. Also thet need to try to research all about blockchains. It's just like what you said, it is basically just gambling when you spend without thinking.

mx667

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Quote from: JesusCryptos on February 08, 2018, 06:57:23 PM

This is a very clever recommendation, and people should be forced to undergo a little test to establish they have a clue what Bitcoin is and what they are doing before they are allowed to buy it. I guess most of the people have really no clue, which is not good for Bitcoin itself.

Of course man. I think most of people already know that. If you want to invest into something, you got to learn the whole system and that "thing" you are investing. Because if you do not know about that, all you do is as the same as gambling. You do not know whether you will profit or not with your investment. That is why it is so important to know the thing that you invest in. I think many people already know that, but it turns out that my thought was wrong. I once saw some people who argue and have a discussion on the facebook and some online forums. There are people who do not know anything about the crypto world, but they want to invest in Bitcoin. And when the price of Bitcoin go down, they become panic.

Asuspawer09

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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

Investing in bitcoin is like investing in a normal basis. You have to really know what you are entering to. Knowing the fact that there is a large possibility of scams now a days. It seems like checking what could and thinking what should be done is the only resource you could count on.

Alert31

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It is really good and being wise if you have enough knowledge before investing in bitcoin even in other coins. Because it is risky,you need to learn more about many things in crypto world and about the bitcoin technology. You must know the advantages and disadvantages of investing. You should also invest only the amount that you can afford to lose.

JesusCryptos

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This is a very clever recommendation, and people should be forced to undergo a little test to establish they have a clue what Bitcoin is and what they are doing before they are allowed to buy it. I guess most of the people have really no clue, which is not good for Bitcoin itself.

Opekin

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For some reason, it is more safe to do that but because of my trust to bitcoin, I don't think we havevto worry in investing here.
Bitcoin is very easy to start with anyway. Newbies may research about it even just in google or ask it to people around the world. Bitcoin is so famous

Finestream

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Quote from: adifariz on February 08, 2018, 06:25:56 PM

I totally agree with your opinion. Maybe less knowledge about bitcoin should not invest in it. I think they should have enough knowledge about bitcoin to help them prepare for risk. I do not want to see the fear and hastily sell all the bitcoins when the price goes down.

That's probably what will happen to people if they invest in bitcoin without enough knowledge on it,sell it whenever there is bitcoin crash.Studying more about bitcoin would prevent investors to avoid losses and getting more profits instead.Bitcoin would mean a risky investment because you can lose your money all of a sudden if you play it without any preparation.

adifariz

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I totally agree with your opinion. Maybe less knowledge about bitcoin should not invest in it. I think they should have enough knowledge about bitcoin to help them prepare for risk. I do not want to see the fear and hastily sell all the bitcoins when the price goes down.

yoseph

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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

People are just investing because they see the opportunity to make some money without knowing the basic and most important things about Bitcoins. In some ways the recent dip in prices is a very good thing because its going to weed out all those whose motives are purely making money.

keeee

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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

Of course. If you dont know anything about bitcoin or you dont have prior knowledge about it, do not invest or engage a huge amount of money to it because the possibility for you to be succesful is very low. If you want to be successful in bitcoin, maximize first your knowledge about it and then invest as much as money as you can.

Irsanhadi

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do invest in bitcoin well by expecting good profits too. best if you want to invest first understand what bitcoin is, how to play and search as much information about bitcoin so you do not get caught up in the world of your own confusion that suddenly plunge directly into bitcoin. after you understand the ins and outs of bitcoin then you try to invest, play from small capital first and do not rush or panic in playing think carefully.

Pancheng

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You pinned it!!!!
Many go to battle with out enough preparation, they joined someone's fight because they were just thinking about the booty that they will get after the fight not thinking that they may die on the process since they don't have enough armor and weapon for themselves and don't know yet about the enemies.

Like investing in BTC, many people blame others if something went wrong but the truth is it's their mistakes.....

xsaints128

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Quote from: endlings on February 04, 2018, 03:14:26 AM

I agree very much that if you do not understand these things, it is best not to invest in it because you do not know why you suddenly lost money. By that time you will say that cryptocurrency is a lie, a bubble, a scam. I hope everyone who intends to join the cryptocurrency knows about bitcoin and the blockchain.

I agree with you a 100%. If a person invests in cryptocurrency be it Bitcoin or any other altcoin without properly researching about them and their respective market and by chance incurs loss then he will blame the whole crypto market as a scam rather than accepting that it was his fault investing without properly knowing about his investment.

Rajatruck

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Many were content to buy during his crazy climb in December without knowing more, thinking that it would go up to infinity

redhondaxrm125

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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

Investments are defined by how people see it. And in my case, whether i know a lot about bitcoins together with all the other altcoins out there or not, it pretty is still a gamble and that is something that won't change in my eyes. But i do agree that people should always learn before acting. To prevent unwanted losses. Just in case they invested money that they say they really need. But hey, that's their decision, what ever the consequences are will only be their loss. Not ours.

sarjilcse

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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.Investing bitcoin is good thing. but before investing you should know how to protect your investing. if you don't have much knowledge about bitcoin then don;t invest your money.

Daffadile

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You shouldn't be spending your money on anything without doing the proper research and I don't just mean investments I mean anything.
If you do and you lose money then who is to blame and what did you expect? You can't just say "cool I will buy this or that and it will be an investment and magically grow and that is that" no sorry not that easy.

bigbosma

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Quite right, when investing in bitcoin, and indeed in any project, it is necessary to familiarize yourself with the basic mechanisms of its activity. Therefore, many people in a panic sell bitcoins in a drawdown, simply because they do not know what it is.

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