Topic: Don't be intimidated - page 2. (Read 1064 times)

Investing especially in bitcoin is not something that should be made as a real show-off because it can invite bad people to lurk around you.
But on the other hand when they intend to sell some property with the aim of investing it is not something wrong as long as they have some unused property and want to replace their investment material.
If you're investing just to impress people, I think that's ridiculous.

What would be the point of investing in bitcoin if the only goal was to impress forum members who didn't care about your background? Similar to investing in bitcoin anonymously, all of us have assumed unknown identities while participating in this forum. Therefore, whatever Bitcoin you appear to have in your portfolio is your business. Nobody usually gives a damn or treats you like a hero for that.

Here (forum), the main piece of advice has been to invest any spare money in bitcoin. We cannot all predict the price of bitcoin in the future, and bitcoin did not promise riches to those who invested money they cannot afford to lose.

Even in the real world when people think of investing in something, they don't do it with the money or belongings that they cannot afford to lose, like selling your house only to make an investment, what if it doesn't work out and you lose all the money or at least a portion of it? You will lose your house and will be compelled to rent a place to live in which isn't an ideal situation for anyone, the same goes for investments in Bitcoin.

You don't need to sell your belongings or valuable items only to invest in Bitcoin, if you believe in it, just invest what you can afford to do which if you can't withdraw soon won't affect your life at all. If you believe you might need the money next month or the month after, better not invest it.

have been reading this same advises over and over , to never risk what you cannot afford to lose and that is how why our savings must never be put in bitcoin because there are other occasions that we need to spend in the future and also bitcoin will not be spend in those times.
let us differentiate our bitcoin investments from our savings because they will serve us differently .
Investing rush is stupidity mate .
because your money will never be saved if there is a rush from our decisioning .

It's true that before deciding to invest in Bitcoin, you should know it well first, it's as difficult as jumping into an investment that you don't even have an idea about Bitcoin. These are just some of the important things that a capitalist should do in reality.

So if you are going to enter trading here in the field of Bitcoin you should also study to understand this matter, not just because someone told you it is good but instead you should really learn it because you really need it do.

Bitcoin investment, like any other, requires a risk-assessment framework. But this doesn't inherently mean Bitcoin is riskier. Rather, its a novel asset class with distinct characteristics.

The suggestion to 'invest with free money' can be misleading. It insinuates that Bitcoin investment is a speculative gamble. In reality, its not significantly more volatile than some traditional investments when adjusted for potential returns. 'Free money' implies a disposable income you don't mind losing. Yet, all investments carry risk.

However, Bitcoin, being decentralized, provides unique advantages: hedge against inflation, high liquidity, and independence from traditional banking systems. Blockchain, the underlying technology, has immense future potential. Therefore, I'd say invest in Bitcoin not with 'free money,' but with 'smart money,' meaning, after diligent research and risk assessment.

yes exactly lots of projects are scam therefore before choosing any project one should get knowledge about it and about its exchange on which it is listed. Those individuals who earn money have complete knowledge and they know how to take decision and when to move forward and when to keep calm.

 Some people doesn't wait and they think that they will earn without hardwork and in a matter of seconds but they are wrong. On the other hand people does not get benefit and wait more and more that their will increasing more than this so this greediness is also a bad habit which negatively effects the profit.

I don't think there are investors in that category who have to sell their valuable to buy bitcoin,  if there are any in such category,  it the worst form of self-obsession and it can lead to disaster in the long run.


No one need to invest in bitcoin under due rest and if there is anything to know before investing in Bitcoin it should be in the being aware of the risk associated with Bitcoin as an investment.



It is better to always buy low and sell high so when the best position to buy Bitcoin shows up,  one should not make the mistake of missing the opportunity to buy at the discounted price.

Seriously OP? I mean, this is possible because there is a chance that we can work for it especially if we have the skills. But you forgot that you are giving advice to newbies here. So how exactly are they going to invest with free money? Even very programmers or community organizers need crypto experiences in order to get hired.

The other pieces of advice are very important although I keep hearing them a hundred times on Bitcointalk and other social media platforms like Facebook. I also prefer listening and reading advice from high-ranked and well-experienced members here rather than new members spamming topic after topic from their research that are also mentioned and tackled many times here in Bitcointalk.

I saw a several threads about Bitcoin investments from beginners. Some asked that he has 20k $ and asking where to invest and some says he invested by selling his wife's jewelry. Also I saw some are investing with his fathers pension money. Some people are too risky that they are investing by taking loan from the Bank.

I think most of them are  doing showoff or maybe a trick of merit phishing. No one will recommend to invest your all assets to Bitcoin because it's still illegal and too much volatile. So if something bad happens unfortunately they might loss their principal too. And if Bitcoin take too much time to pump then how they will pay Banks monthly? By observing about the pros and cons I will suggest to invest as much as you can afford to loss and if you want to take more risk then invest in part by part.

You are taking about a strategy of trading but investing in altcoins in long term are even more risky. Many projects will make your portfolio negative. So try to stay far if you want to be safe and focus only in Bitcoin for long term.

Most newbies are always in rush to make investment in bitcoin, some of them don't really understand what bitcoin is really all about, but because they see their friends or they see it on social media that people are making money, they will be intimidated and they will also want to rush into bitcoin investment without knowing the risk associated with it.

From your post you said newbies shouldn't rush in selling properties or investing all their money, that's a nice advise for newbies, but the advise is not only applicable to newbies alone, even if you have being in crypto for long time, its not advisable to sell properties because you want to invest in bitcoin, and its not advisable to invest all your money in bitcoin, invest only part of your savings. Anything can happen at any moment which might end up affecting you if you sell your properties or you invested everything you are having.

If you are planning to invest in bitcoin and you want peace of mind, then its better you invest any amount you can afford to lose, invest only your spare money that if anything happens to it, then it wont really affect you.

It's pretty hard to believe that people can invest in Bitcoin for show off, the show off only begins when they earn money, not before, even if they sell their properties to buy Bitcoin, there will still be a part of them that have the fear of losing their money, so what is here to show the world when it's still a work in progress? It's a big risk that many can't even think of doing using their properties.

I am in no where supporting selling your properties, it's a good way to get more money but it's a strategy that belong to a self made millionaire, they always have many properties, and they are different from those who have one property.

sometimes there are also people who have analyzed and researched, and have found a buying area, but they can't wait to enter the market, so they are in a hurry to enter the market. this is because you don't want to miss the moment, if the price doesn't touch the area that has been set. Cases like this are a disease where we don't have the patience to wait, and don't believe in ourselves, so that when taking profit it will be the same as doing the same thing

Selling a property to invest in bitcoin is a terrible idea especially when its very valuable to you or when you have limited property though Its okay to sell one if you numerous properties but never sell a property when you don’t have enough. There is nothing like impressing anybody with the amount of bitcoin you possess because no matter the amount you have there are always people who have 10x more than what you have so why inconvenience yourself when you can always invest whenever you have money you can afford to loose and also you can invest little by little and gradually your investments grows.


When you invest with assets you can't afford to lose or money you can't afford to lose, you won't feel at ease. You'll constantly be watching how bitcoin is performing on the market, and whenever it declines, your mind won't be at ease. This could have a negative impact on your state of mind, which is very bad for investors.




There is no point in attempting to impress others or brag about how much you have invested in bitcoin because, regardless of how much you have invested, there will always be people who have invested more than you and, conversely, there are people who have invested less than you. This is because God obviously did not give everyone an equal amount of wealth in this life. The only thing that matters is to invest and ensure that you can profit from your investment.

For those who rushed into the market, it'll take them some time to realize the truth, especially the ones who don't research or read about the ups and down of bitcoin market. On the contrary many who found themselves in a plunging market may not take the responsibility, they'll always blame it on bitcoin, also discouraging genuine people from investing into bitcoin. Hence, the money belongs to them but they need not to feel pressured or in a hurry to utilize it in a way they're not sure about.

The first guideline of trading or investing is to never invest money that you are unwilling to lose. While Bitcoin is currently expanding and many experts foresee a bright future for this cryptocurrency, it is incredibly unpredictable and putting all of your money in it is an extremely risky move. Selling your property and investing in Bitcoin is not a wise choice.

Furthermore, as previously noted, successful investors often attempt to diversify their portfolios, so placing all of your money in one currency is generally not a good idea.

You can sell your properties to invest in Bitcoin with plan to get richer with bitcoin. It is good if you have a good plan and if you don't sell all properties you have to invest in Bitcoin.

Because investment is risky and if you sell all properties to invest, you have risk to be homeless if your investment vapors by any reason.

Me too. However if you have two or three house and only use one, one or two houses are for rent, you can sell them to get money for investment. If your calculation shows that you will have chance to get more money by invesment in Bitcoin rather than passive income you have from renting those houses in a same time like 4 years.

Selling a property to have money to invest in bitcoin seems like the opposite most crypto investors would do. At least for me and my friends the dream would be to one day buy our own house or apartment with out crypto coins. If I ever manage to save so much money that I could afford my own property I would sell my coins. This would let me save so much money on rent and also be a great protection against higher inflation. As for the savings I agree with you, don't put all your money into one basket. It's much better to diversify and spread out our money across multiple different asset classes. Like that we face lower risks during a bear market that all our assets will drop in value.

I totally agree with you and you are right.  Many people do many activities to invest bitcoin like some want to sell house and buy bitcoin some sell land and some want to sell gold to invest bitcoin, it is completely wrong.I think it is never advisable to sell property needed to buy bitcoins. Everyone thinks that bitcoin investment from property gives double profit so everyone invests mainly for profit but that is not a good enough reason to invest. So invest according to affordability so extra.  One should not invest by selling assets due to greed.

I definitely agree with your statement.

Just to add, remember that these are investments no matter how form or shape they materialize. There is no hard-and-fast rule when it comes to investments- they require patience, determination, and care in order to maximize the profits. You cannot just leave all of your retirement savings into one (1) investment mechanism and pray that you would reap all the rewards in the future.

Remember that investing in BTC does not guarantee profit in the future. You still must comply and create all the opportunities in order for profit to happen.