Topic: Do not invest in bitcoin if you don't know anything about it - page 9. (Read 2501 times)
It is possible to invest in bitcoin with only General information about it, so too, you can make good money, but only in the long term.
I believe that in order to achieve a really high result, you need to know a lot about bitcoin and constantly improve your knowledge about it.
Why not? It's just an easy game when everything you need to do is stay calm and wait for price increasing. You will never lose your money and probably will get profit.
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.
I agree to you, there's really a hype in every social media's today about the growth of cryptocurrency and some people are just investing immediately without any background knowledge about how the cryptocurrency really works and how you are going to earn profit so in the end of the day they are going to lose a lot of profit when their coins are melting.
If you buy bitcoin just for long-term investment, then you do not need much knowledge. You only need to properly store your cryptocurrency. But if you want to earn a lot on it and regularly, then you need to know a lot of information.
bitcoin is very popular, so everyone uses it, plus a high-yielding one)
And it is not like that, bitcoin is the easiest way or form of investment that I have encounter in my life, I don't think that people won't know such thing, for sure that they will gonna understand this easily, the question would be how much they are willing to invest and for how long they are willing to wait. 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.
bitcoin is very popular, so everyone uses it, plus a high-yielding one)
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.
It's a good idea to have knowledge of what you want to invest in. You have to know and understand how it works. If you didn't you might waste your investment.
Yes, Too dangerous to invest in the cryptocurrency market without knowing it. Do not lose your money because of a serious mistake. Mistakes can ruin people over time. So take some time to properly understand the crypto market as well as the knowledge and experience to get started. Take the wisdom out of this market.
yes, what do ordinary owners and investors need to understand? How to buy, where to buy, how to sell. More they do not need to know.
Invest in! Do not listen to him! So many people take part in it! The more demand, the better the price! Let's be a cool currency owner.
Yes, Too dangerous to invest in the cryptocurrency market without knowing it. Do not lose your money because of a serious mistake. Mistakes can ruin people over time. So take some time to properly understand the crypto market as well as the knowledge and experience to get started. Take the wisdom out of this market.
Many people investing on bitcoin without proper knowledge about it. That's why we have major price swings because of the panic sellers that are afraid of news about bitcoin breakdown that is out there.
when the price was around 20k we were sitting in a cafe and a man who was clearly uneducated came and bought btc, I should have understand there that I must sell my coins or turn to tether.
I agree with your opinion. If a person does not know bitcoin then he should not invest in it. The value of bitcoin is not stable, if you do not have enough knowledge about bitcoin then you will be scared whenever it’s price drops.
This not only applicable to bitcoin but for all types of investment, before investing we should know the basics of the bitcoin, how it works and all then can invest in it, without knowing anything it is not good to involve, better know the elementary about the bitcoin and then invest.
Some people just invest without having proper information about bitcoin, that is why they panic over rumor because they do not know the technology behind bitcoin.
That is why we have this acronym, Do Your Own Research or simply as DYOR. That would probably the lost of yours if you don't try to research the thing you'll put your investment to. Maybe those people just wanted to follow the trend :/ and that is not healthy lol. Some people I've heard says that why I'm losing my money? Why is bitcoin's price is going down where yesterday the trend was up? Dudes, DYOR.
Investing bitcoin without having proper knowledge about it is a reckless thing to do. By acting this way, it may affect your life negatively. As a bitcoin user, aside from having patience, we must also possess and make decisions wisely.
I agree with your opinion. If a person does not know bitcoin then he should not invest in it. The value of bitcoin is not stable, if you do not have enough knowledge about bitcoin then you will be scared whenever it’s price drops.
Yes it is sound like gambling because we are not quite sure if this one will work but it work. People now about bitcoin but they dont know the deeper history and how bitcoin work or how it work for us. It would take time to study how things run in bitcoin. If you decide to invest without equip knowledge then thats gambling.
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