think before investing - page 5. | Bitcointalksearch.org

Lanatsa

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Quote from: xSkylarx on August 10, 2023, 11:06:45 AM

Quote from: Marvell1 on August 10, 2023, 06:53:02 AM

Quote from: Latviand on August 10, 2023, 05:44:50 AM

How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge.

He probably sells it off in a secret way or somewhat, like you haven't thought that your friend will kind of sell it off, but mostly in this kind of situation, for sure, he talks to him about the risk, but again, in those kinds of situations, mostly the conversation is all about profit, like how do they spend it or something, and they are sure they can gain a huge profit without thinking about losing all the money. We are also not sure if this story is true because once you've put out some huge money, you'll research as much as possible to not lose all your money.

If we do base up on the story then he might be able to buy up some Bitcoins and made out some futures trade and do lost it all or got liquidated? Its really hard to believe on that if someone do involved with spot and

do make out some purchase of coins then it would really be that never completely goes to zero or would be having that huge loss. Dealing up with Bitcoin or generally in crypto does involved risks on which there's
no assurance that you would be able to make money without having to embrace out those risks but of course if you do caught yourself that in a peak price because the time that you do able to buy
which the price do make out some opposite direction then you could be always having the option to hold instead for long term and would really be waiting up for that recovery which its most likely the case on
where people would be doing.

In general, then it is really just that right that we should really be thinking up sensibly and be wise when it comes to investing decisions which it isnt only limited on Bitcoin or crypto
but also in other ventures as well. We are talking about money that we do used as capital on here and we should do our best on trying out to survive or sustain.

serjent05

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Quote from: Kakmakr on August 10, 2023, 06:12:28 AM

The people who lose everything are just greedy and trigger happy....

In Bitcoin investment, the person who lose everything are those who failed to do their research and got baited by scammers. Aside from that, those who are weak hands and can easily be shaken during Bitcoin crash are also among those who suffers huge loss.

Quote from: Kakmakr on August 10, 2023, 06:12:28 AM

I had friends who knew nothing about Bitcoin and they rushed into the first thing that had "Bitcoin" in their pitch. Unfortunately some of these investments were Ponzi schemes that promised huge profits. They did not think twice.. or did any research, including asking me if it was the real deal... so they lost a large amount of money being greedy.

When you buy & Sell Bitcoin you have to be patient.... it is not a "Get rich quick scheme" or something that gives you a constant passive income. You simply buy low..... wait for a rise in the price ...and sell at a ATH. Wink

I have the same kind of experience about friends who were a victim of scam Ponzi schemes. I think it is the greed that make them jump to that trap laid by the scammers since they were presented by too good to be true offers and happily make a deal with these scammers despite the warning I had given them.

Obari

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Quote from: _act_ on August 08, 2023, 06:09:48 PM

Quote from: Smartgoat on August 08, 2023, 05:53:36 PM

he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

Do not get it wrong, your friend did not invested in bitcoin, he was trading which is another thing entirely. Bitcoin ATH is $69000. Bitcoin today price is $29800 now. Even if he invested in bitcoin at ATH, he would not have lost everything. And bitcoin will still get to $69000 and increase above the price, only what is needed is time.

Well I think op is still very confused about bitcoin himself and I'm shocked that he thought someone trading and his student is doing very fine today and yet he (tracher) still isn't clear if he thought him investing or trading 🙄

Well let me correct @op that bitcoin investment is entirely different from trading and when talking about trading, people who do this believe that bitcoin's price will rise or fall at given point in time either within minutes, hours, a day and so but while investing in bitcoin it is expected that you're holding it for a much more longer time like a year and above and not been moved by the circumstances around.

The Cryptovator

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I sense skepticism in your story, but I'm curious: how did your friend, who lacks knowledge about Bitcoin investment and trading, decide to sell their property to invest in it? It seems a bit unconventional and risky, considering most people wouldn't take such a step without proper understanding. This scenario goes against typical investment principles, making me wonder if your friend

Issa56

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Quote from: legendbtc on August 09, 2023, 09:31:35 AM

As OP said, his friend is trading not investing and I think he is trading futures so the loss is understandable. But I also doubt what OP said, I don't believe anyone would easily sell land to invest in something they know nothing about. If it is a savings or a large amount of money I have no doubt, but selling the land is another matter.

You are right, one of the easiest ways to lose money is trading futures. The OP can lose money also in spot trading, but I don't think you are going to lose everything. In spot trading, if you don't sell your coin, then there are chances of the coin recovering, and if it's bitcoin, I'm sure it's going to recover. It might just take time, but if you can hold it, it will recover. But in future trading, there is always a liquidation price, and immediately after the price has been hit, you are losing everything. That's why it is easier to lose money in future trading compared to spot trading. In future trading, most people are always using high leverage just because of the high return, but the higher the leverage, the higher the chances of losing money.

Quote from: legendbtc on August 09, 2023, 09:31:35 AM

But OP's story is also a reminder for newbies who are intending to invest in bitcoin. They should have knowledge before wanting to invest and should only invest with idle money, the amount that they can lose.

The story is kind of funny to me too, but to be honest, people are doing crazy things just because they want to invest in cryptocurrency. Most of them do hear from their friends that they are making money in cryptocurrency, and they will also decide to join blindly, and some of them do see it on social media. Most of them are always brainwashed into believing they can never lose money in cryptocurrency, which is why some of them do crazy things and believe they can make easy money from cryptocurrency.

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Quote from: Yatsan on August 10, 2023, 11:28:29 AM

It is not to think before investjng but rather to plan things out. Many people are dreaming to be called a CEO or someone who has an investment. But not all people are down to study something which cathes their interest. Investing into something we don't know that much of, is like simply throwing away your cash. Good if you can endure losses but why did you started in the first place, right? Things should all be planned and risks should be managed before actualizing your investment.

Rightly stated, one must study the market, plan his action and have a goal in mind. Thinking before investing is a good thing but it is much better if a person can lay out plans according to what he learned about the market. This way, an investor can see wether the investment is feasible or not.

Quote from: Yatsan on August 10, 2023, 11:28:29 AM

Quote from: Marvell1 on August 10, 2023, 06:53:02 AM

Quote from: Latviand on August 10, 2023, 05:44:50 AM

How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge.

Well his friend has the right to do so given that it's his property. You might want to give him warning but if he still choose to continue then no one would stop him from doing so. Let's just accept the some lessons aren't learned easily, there are times it would be thought the hard way. Let us hope that atleast he learned something from iy and props for him on continuing where he have taken a loss.

But it looks like @OP's friend listened to him and according to @OP, his friend is doing fairly well after receiving the lectures and accepting @OP's suggestions. I am happy that it bodes well for @OP's friends.

Aikidoka

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I don't think that your friend invested in Bitcoin and lost his money to be honest. I think he was trading with other crypto and that's likely how he lost his money. Crypto trading isn't as easy as it may seem it demands a solid understanding to get started. However, if he did indeed invest in Bitcoin there's no reason to be scared. Sooner or later, the price of Bitcoin is likely to rise resulting a huge profit.

We know that the last ATH was $69K whereas the current price of Bitcoin is now less than half of that value and this current time is really a good opportunity to invest at a lower price and potentially it'll achieve huge gains when the value of Bitcoin increases in the future.

Nheer

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Quote from: Smartgoat on August 10, 2023, 03:24:45 AM

Quote from: Nheer on August 09, 2023, 12:18:46 AM

Snip

in every thing you do, there must be a leaning ground first. many people have jumped into a business or investment without knowing the ideas of the business. and it have make them loss everything for the business. I understand here that, in any business or investment you are going into, you need to lean and master it before going to it, to avoid Losing everything. I sell some of my propertys to invest on Bitcoin and before I invested, I lean and I'm still learning. because nobody want to go into a business for loss.

It is not advisable to sell properties or borrow money just to invest in bitcoin, it is always advised to invest the money you know you can afford to lose. Bitcoin is the most reliable cryptocurrency investment but it still has it’s own risks and you should be aware by now that it’s profit is not certain, it has a 50/50 chance of success so investing money acquired from sale of properties or borrowed money will only cause tension and frustration when you are running at loss which can in turn have effects on your health.

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Quote from: Smartgoat on August 08, 2023, 05:53:36 PM

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without the ideas or knowledge about it. because he only hard that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be knowledgeable about it before you invest on it.

Before investing in any place it is very important to know about it. Your friend invested without knowledge and experience due to which he lost money. Although Bitcoin is a great investment option and many people prefer to invest in Bitcoin, wherever you invest you are investing without thinking. This will result in loss. As he told you after the loss, if he had consulted and tried to learn from you before the loss, he might not have had the loss. You are right that knowledge and experience are very important before investing in any place. The cryptocurrency market in particular is a very volatile market and requires a lot of knowledge before investing in it. I think there are many platforms where useful information can be found before investing in Bitcoin, and if one has a relative or friend who has experience with Bitcoin, they should be consulted and Must learn.

Ale88

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Quote from: Smartgoat on August 08, 2023, 05:53:36 PM

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without the ideas or knowledge about it. because he only hard that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

Is this thread for real? You are telling us that you know someone so stupid to sell his house to get the money to trade bitcoin without having any idea of how trading works? I must admit I have a hard time believing this is real because it doesn't make any sense. I know people are stupid but this is out of this world stupidity. I'm not even sure if there is something else behind it, like a gambling problem or something similar, of course assuming what you're saying is real...

Yatsan

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It is not to think before investjng but rather to plan things out. Many people are dreaming to be called a CEO or someone who has an investment. But not all people are down to study something which cathes their interest. Investing into something we don't know that much of, is like simply throwing away your cash. Good if you can endure losses but why did you started in the first place, right? Things should all be planned and risks should be managed before actualizing your investment.

Quote from: Marvell1 on August 10, 2023, 06:53:02 AM

Quote from: Latviand on August 10, 2023, 05:44:50 AM

How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge.

Well his friend has the right to do so given that it's his property. You might want to give him warning but if he still choose to continue then no one would stop him from doing so. Let's just accept the some lessons aren't learned easily, there are times it would be thought the hard way. Let us hope that atleast he learned something from iy and props for him on continuing where he have taken a loss.

xSkylarx

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Quote from: Marvell1 on August 10, 2023, 06:53:02 AM

Quote from: Latviand on August 10, 2023, 05:44:50 AM

How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge.

He probably sells it off in a secret way or somewhat, like you haven't thought that your friend will kind of sell it off, but mostly in this kind of situation, for sure, he talks to him about the risk, but again, in those kinds of situations, mostly the conversation is all about profit, like how do they spend it or something, and they are sure they can gain a huge profit without thinking about losing all the money. We are also not sure if this story is true because once you've put out some huge money, you'll research as much as possible to not lose all your money.

RewFrew

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Quote from: Smartgoat on August 08, 2023, 05:53:36 PM

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without the ideas or knowledge about it. because he only hard that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be knowledgeable about it before you invest on it.

Something wrong brother! Because if your Friend invest on Bitcoin how he loss his all fund? I think he loss his Fund by trading. Otherwise never anyone loss his All fund. If he invest high price but he will loss 20%,30% or 50% but 100% loss in bitcoin trading is impossible. So it happen for trading. I think without proper knowledge anyone cannot profit from anywhere. Your friend need learn about crypto more and more.

And without any knowledge shouldn’t invest any where. So i think your friend did very wrong. And many many thanks to you Because you teach your friend about cryptocurrency market and how to invest. I think your friend learned a lot from this mistake. In future he will recover his fund i wish. After-all my advice please Learn more to invest on crypto. Without proper knowledge everyone will loss his fund i think.

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Quote from: Latviand on August 10, 2023, 05:44:50 AM

How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge.

LDL

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Quote from: Stella Mese on August 08, 2023, 08:31:40 PM

Before investing in BTC, of course, knowledge must be prioritized because without prior knowledge, of course, the potential for losses will be greater.

Acquiring the right knowledge for investing in Bitcoin is important, but some other important considerations should be added as well. Timing for investment is the most important thing here if you don't invest at the right time you won't get profit from your invested coins in later future. Moreover, long-term investment planning is another important pre-condition for investment. But another important factor in investing is the risk-taking mentality. If you can't bear the risk in investing then you don't invest.

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The people who lose everything are just greedy and trigger happy....

I had friends who knew nothing about Bitcoin and they rushed into the first thing that had "Bitcoin" in their pitch. Unfortunately some of these investments were Ponzi schemes that promised huge profits. They did not think twice.. or did any research, including asking me if it was the real deal... so they lost a large amount of money being greedy.

When you buy & Sell Bitcoin you have to be patient.... it is not a "Get rich quick scheme" or something that gives you a constant passive income. You simply buy low..... wait for a rise in the price ...and sell at a ATH. Wink

Bitcoin_people

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Quote from: Smartgoat on August 08, 2023, 05:53:36 PM

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without the ideas or knowledge about it. because he only hard that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be knowledgeable about it before you invest on it.

One should always be strict about this because it must be known when starting Bitcoin trading. A person must first have a good knowledge of Bitcoin to invest in Bitcoin. And it is possible to earn profit by investing in Bitcoin but before investing a person must know about the volatility of Bitcoin market. If one invests with full knowledge of all things then one must not face loss and earn good amount of profit. However, many people who invest in Bitcoins are seen taking loans and are often at risk, so Bitcoin investments should never be done with loans. If you want to invest in Bitcoin, it will definitely be better for you to start investing with your own savings. And before investing, you must analyze the market well and take the advice of a good professional trader.

Latviand

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How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

GreatArkansas

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Quote from: Altryist on August 10, 2023, 04:32:14 AM

Quote from: Lida93 on August 09, 2023, 03:58:39 PM

(......)

Even long-term investors try to sell their bitcoins at some point in order to buy even more bitcoins in the subsequent bear market. But there is a big difference in how and when to do it, if it is done without proper knowledge, then it will lead to losses. You can just buy and wait, without any attempts to sell and buy more, in this case there will also be a profit, and for someone this choice will be the best solution if in trading he is not very good.

And for every investment, I believe we must take profits, we need to enjoy profits, that's one of many purposes of investment, even in non-bitcoin or cryptocurrency investment related.
Some also considering having fund for their trading and some are have portfolio for long term where it is separated from their trading account, you can also do this but make sure to take it serious.

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Quote from: Lida93 on August 09, 2023, 03:58:39 PM

The challenges most newly adopters of bitcoin are facing is as a result of lack of research on bitcoin use cases, for they can't clearly differentiate between investing and trading on bitcoin. Investing In a hurry without a plan target wether for a short term or long.

The price position at which you entered your investment also determines yours duration plan for your investment to start yielding profit. Nobody really loses on bitcoin so long as they have patience with their investment, and this patience is borne by your knowledge of what you're doing.

Even long-term investors try to sell their bitcoins at some point in order to buy even more bitcoins in the subsequent bear market. But there is a big difference in how and when to do it, if it is done without proper knowledge, then it will lead to losses. You can just buy and wait, without any attempts to sell and buy more, in this case there will also be a profit, and for someone this choice will be the best solution if in trading he is not very good.

Topic: think before investing - page 5. (Read 968 times)