Do not invest in bitcoin if you don't know anything about it - page 34.

mOgliE

legendary

Activity: 1344

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Hi

Actually... Bitcoin is not particularly risky. It is particularly badly understood and umproperly used but...

It is quite easy to make money through bitcoin: wait. Hold and wait. Wait and hold and wait again.
In the end, chances are high that you made a profit.

Though, it is not 100% sure. That's right.

And just like with any other game or trading platform, you should only bet what you can afford to lose. We are not on TV and Harvey Specter is not going to give you a hand if you lose your company, your assets and your house. But this is not linked to bitcoin, just to human stupidity. Lips sealed

9emb3lelit3

jr. member

Activity: 207

Merit: 2

yes very true, but if we have the intention to learn there will be results. investing is not easy, we should often see market prices rise or fall and we also have a lot to ask, or read to be able to understand how to invest in this bitcoin. essentially we should be patient to refrain from investing in this bitcoin.

Reesefrias

newbie

Activity: 29

Merit: 0

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, to be honest I agree with this one. Everyone has already a minsdet that if they had 1 bitcoin they can earn more than they earning monthly, to be honest bitcoin's madness has already been escalated worldwide and they had this impression of investing to bitcoin is much safer and fast without knowing the real background how really bitcoin works, that's the bad side of investing to bitcoin without knowing the true power of it. No one can predict if bitcoin will raise high or low, it will always depends on time. Just be xtra careful when investing to any other alt coins or cryptocurrencies. Think before you invest.

Bes19

full member

Activity: 1002

Merit: 112

Yeah i agree with you. Bitcoin and the whole crypto is complicated so people needs enough knowledge before trying. Some were asking me how to join in bitcoin and i always tell them that it is not easy. They need to read articles and blogs about it also videos can help too.

ghost424

full member

Activity: 630

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That is a fact because Bitcoin needs to be something that you are interested into. If you are interested in investing on bitcoin, you first learn about how it works and what is the technology behind it. Blockchain technology is revolutionizing which is being adopted to a lot of platforms today and their programs can help our future. Bitcoin is part of cryptocurrency along with this other tokens that has monetary value. Learning will be easy if you are interested but as long as you are here for the money, then all of what you are doing is useless because there will be times that you need to be knowledgeable about this kind of topics.

Jenn09

sr. member

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Yeah right I see your point and I can say that im on the mid of gambling but it is worth it if btc price goes up. It is correct that you need to make sure that all the money that you invest is worth it and your not going to regret it someday becuase if that time happens theirs no turning back.

0t3p0t

sr. member

Activity: 1736

Merit: 357

Peace be with you!

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 but if it is my case I will still try to invest what I can afford to lose. Even though we don't have enough knowledge on something we can still invest on it but is risky and I know that consequences might hurt me that hard if something will happen wherein I have no idea how I have to handle it. But the thing is having a complete information about an investment makes us even more confident and aware of any possible occurrences most especially in cryptocurrency business. The essence of having Bitcoin as a virtual currency is gone because of playing it on the market not or instead as a form of payment but a total money making business these days.

Hasbro27

full member

Activity: 378

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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.

it is better if the investment must be studied first, so we already know what the benefits and risks. and do not invest all the money, just partially, I think 30% of savings is the biggest number to invest, if it fails in investment then we still have money.

Hasbro27

full member

Activity: 378

Merit: 100

I think bitcoin is not the same as gambling. bitcoin is a new type of investment that can provide benefits. I think all investments must have risks, the higher the risk the higher the profit, no investment that has no risk.

Godric-Gryffindor

member

Activity: 319

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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

Indeed, and in actuality I teach the same in my family, especially to my brother who is I like to prefer to call bitcoin gambler, as some of his entry trades are too questionable, I sometimes think maybe I greatly depends on the technicalities of trading, so much that I forgot it is really not my problem, but I think, we have to share them the right information, and as George MacDonald says and quote, To give truth to him who loves it not is to only give him more multiplied reasons for misinterpretation, end or quote,

neite99

sr. member

Activity: 560

Merit: 250

as far as I can see in the bullish period there were so many investors that didn`t have a simple idea what btc is and due to their investment I guess the bubble popped and we are back in 8k

baricuri

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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 if people do not know anything about market analysis, predict the trend. They bought the bitcoin and got lucky, waiting for bitcoin to rise. This seems a bit strange. I think if you do not know bitcoin then do not take the money to buy bitcoin to make a profit. Making money is totally difficult. Not as simple as you think.

jrrsparkles

sr. member

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I don't think knowledge about blockchain is important if we want to invest on bitcoin,and blockca=hain is not doing any thing with the price of it.Only thing we need to understand before buying bitcoin is the price is not stable it may bump or dump so make sure that your investment amount is affordable to lose for you.

mrcash02

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I don't see any problem on it. Bitcoin is an investment for any kind of people, not only the technical ones. Since people just buy Bitcoins and store it safely it's not gambling. Gambling would be if they start investing their Bitcoins in Ponzi HYIP schemes like crazy, or converting their Bitcoins into AltCoins without thinking twice. It's not because someone is a farmer, oldman, housewife that they will act insanely.

DannyHamiltom

jr. member

Activity: 56

Merit: 2

Yes, the currency in the world now is very hot, many people do not understand the currency also started to participate, they believe that the currency is cash cow, can bring wealth to them
They don't think investing in bitcoin is risky.
When disaster strikes, they panic, panic, and rush to sell their bitcoins.

Jiddyyy

newbie

Activity: 77

Merit: 0

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

Yes, you are correct. Do not trust anyone especially those site about online business of you didn't consult it, without knowing how it works, without knowing the rules because those wrong decision can make your life miserable. It is funny but its true, miserable in terms of if you invested a larger money and you don't know how to get your income then it will makes you miserable.

Edraket31

hero member

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Quote from: Chinatsu Akasaki on February 07, 2018, 09:53:15 AM

Thats why there is this forum. This forum is made so that you can be knowledgeable about crypto. Before you start investing you should self study about the basics in crypto and about investing. If you have any uncertainties you can ask anyone here or start a thread to help you answer your questions. Taking a huge risk gives high reward, so to minimize the risk in investments research and dont stop being curious.

You are right, and who is fool enough to invest in a thing that he didn't know in the first place, of course we did a lot of research about it before entering here, just like applying in a job of course we need to have even a little background to that company if who is the owner what are the benefits, their company and everything just like here as well.

Xerox101

newbie

Activity: 152

Merit: 0

Yes, basically your correct! I believe in saying of being boy scout-being prepared and trained for responsible person. As you acquires necessary knowledge and skills in investing, your mind is conditioned and you will be able to do same knowledge and skills as others do. this preparation and readiness to become a good investor and successful.

Chinatsu Akasaki

newbie

Activity: 93

Merit: 0

Thats why there is this forum. This forum is made so that you can be knowledgeable about crypto. Before you start investing you should self study about the basics in crypto and about investing. If you have any uncertainties you can ask anyone here or start a thread to help you answer your questions. Taking a huge risk gives high reward, so to minimize the risk in investments research and dont stop being curious.

moetimas

full member

Activity: 221

Merit: 100

it is true that investing in cryptocurrency is more risky than investment as in real estate, but I do not agree if you think that investing in bitcoin is like gambling. thinking smarter when making a decision to invest in bitcoin is strongly recommended. many people who do not understand about crypto then decide to invest it is obviously very wrong (maybe they are only affected by the trend).

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