Why do you need to learn and ask people before investing?

Agbamoni

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Quote from: Alpha Marine on October 23, 2024, 12:34:44 PM

Quote from: cryptoaddictchie on October 15, 2024, 01:57:49 AM

Sometimes I believed those who are I know that will really share some good alpha when it comes to good investing and potential airdrop.

The problem with believing those you know is that they might also be wrong. I know you're experienced and there's a little less chance of falling into this category, but someone relatively inexperienced can be misled by someone he trusts and both parties may not even know they're being misled.
For example, in a Ponzi scheme, a friend family member or colleague may genuinely want the best for you when they persuade you to be involved in the investment because they have and they have gotten their profit. They may not know it's a scam or a wrong investment.
This can be the case among influencers too. They may just be sharing an investment or airdrop that they thought to be legit without knowing that it's not. That's why it's really not advisable to just take people's word for it.

That shouldn't be a problem for the other person because it's expected that if someone brings something new to invest in or a business it's in our position to look deep into the things before participating in it. It's wrong to just jump into it blindly without doing our own research irrespective of the trust we have in them.

As grow up, if we go about our financial life without carefulness, we will end up paying for what we will lose. No adult would say they haven't heard of Ponzi schemes here and there. At least they should know that they exist even if they don't know how to identify one. But we the knowledge of existing Ponzi schemes that should propel them to always do research before putting their funds into anything online.

nakamura12

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Quote from: Zanab247 on November 05, 2024, 09:42:50 AM

Not just a bad thing to someone that lack experience, but it will make the person to regret for the rest of his life when he or she invest enough money because that person has wasted his resources that would have use to build a stand wealth.

If that happens then it will become an experience for that person and will know what will happen so if that person wants to invest then it won't be something that he/she doesn't know since he/she already experienced it before. The resources are indeed wasted when it will happen but as I have explained, it will become an experience which will make that person not do it again. Even the successful people also experienced failures and losses until they have what they achieved right now.

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Quote from: nakamura12 on October 24, 2024, 05:10:52 PM

Investing to something you don't know is a bad move and it could be a trap which is to only trap investors and steal their money. It happened to my brother where he invested in a project without much questions and only been told that it's about agriculture and once itnis done then they will earn money. Well, having a lot of experience is a good thing but to do it is you have to ask experts but it won't be easy task.

Not just a bad thing to someone that lack experience, but it will make the person to regret for the rest of his life when he or she invest enough money because that person has wasted his resources that would have use to build a stand wealth.

If those newbies open their mouth and tell you what they have experienced from some projects, other knowledgeable users are avoiding in the industr because they know that the projects will not going to bring out good result. You are right on this, having enough experience on a particular project will help newbies to break into success in the industry, and if you want to have the experience in this forum, make sure you are stable or active in this forum to learn many things that will make you to have the experience to be far from scam projects.

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Quote from: Publictalk792 on October 26, 2024, 08:27:21 PM

Quote from: Baki202 on October 26, 2024, 01:28:29 PM

You need to take things seriously especially learning because no matter what investment might be you have to do background studies before you take any step, you can not operate what you don't have knowledge on, the I even love mentorship, it make, and people that are familiar with market will be able to give you a good advice on what coin to buy. You have to understand the market, before you starting investing, their structures you have to follow before investing, this is the kind of mistakes that. Lot of people are making they want to avoid learning. And their is not they can do without learning.

And self learning is not easy but when you have a mentor it will make things very easy for you, but their people that don't know the relevance of have a mentor until you encounter a problem and you find it hard to make decision. And everyone have to decide wether they want to do self learning or get a mentor.

Investing without knowing what we are doing can lead to big losses. That is why research and learning are crucial. Getting guidance from experienced experts called mentorship helps a lot. They know market well and can teach you. Before investing understand how market works and what is happening. Many people skip this step and make costly mistakes. We can learn on our own but having mentor makes it easier and faster. Investors have two choices learn alone or get help. Either way education is key to success. Smart investing means knowing what we are doing.

I liked the last phrase that says 'smart investing means knowing what we are doing,' because it sums up the topic that created this comment.
In all truth, to seek counsel from experienced individuals or individuals in the field we want to invest in, is a sure way to get smart about making an investment decision. Whether in cryptocurrency or real estate or other good business, it is a sure thing to have a knowledge about it and how the money flows before jumping in to make either small or large financial commitments.

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Quote from: Baki202 on October 26, 2024, 01:28:29 PM

You need to take things seriously especially learning because no matter what investment might be you have to do background studies before you take any step, you can not operate what you don't have knowledge on, the I even love mentorship, it make, and people that are familiar with market will be able to give you a good advice on what coin to buy. You have to understand the market, before you starting investing, their structures you have to follow before investing, this is the kind of mistakes that. Lot of people are making they want to avoid learning. And their is not they can do without learning.

And self learning is not easy but when you have a mentor it will make things very easy for you, but their people that don't know the relevance of have a mentor until you encounter a problem and you find it hard to make decision. And everyone have to decide wether they want to do self learning or get a mentor.

Investing without knowing what we are doing can lead to big losses. That is why research and learning are crucial. Getting guidance from experienced experts called mentorship helps a lot. They know market well and can teach you. Before investing understand how market works and what is happening. Many people skip this step and make costly mistakes. We can learn on our own but having mentor makes it easier and faster. Investors have two choices learn alone or get help. Either way education is key to success. Smart investing means knowing what we are doing.

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Quote from: Ishicryptic on October 25, 2024, 02:53:52 AM

In this age of the internet, it is very important not to jump on any investments that we hear about just because we have been promised huge returns on investment on a very short period of time. There are a lot of scams nowadays, especially on social media, people that you don't know about there reputation will lure you to invest your money in projects that you know nothing about their origins. It is very easy to scam greedy and ignorant people who are always in a rush to make fast money. Before going into any investments, it is important not to rush, first of all make your research, ask questions from trusted and experienced people who should know before making a decision. If you're not clear on your findings, then it's better to forget about the investment, no matter how tempting it is. If we are specifically talking about cryptocurrency investment, then it's only Bitcoin that I can confidently recommend for any newbie.

Even before, jumping to any investments is not good for investors if you ask me. When the internet is not yet used by many people or just starting is that investing in an investment right away is not safe or very risky how much if it's this time when internet is now used by many people and can even make a scam investment looks very legitimate or real when the truth is that it's not even real and will only make their investors lose their money because it is a fake investment platform.

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Quote from: Nothingtodo on October 20, 2024, 11:21:40 AM

Those who are new to investing must take suggestions from experts and invest in suitable coins according to that suggestion. You should not invest without understanding the market or without learning any important thing because if you invest in this case, the investment will be more likely to give loss.

You need to take things seriously especially learning because no matter what investment might be you have to do background studies before you take any step, you can not operate what you don't have knowledge on, the I even love mentorship, it make, and people that are familiar with market will be able to give you a good advice on what coin to buy. You have to understand the market, before you starting investing, their structures you have to follow before investing, this is the kind of mistakes that. Lot of people are making they want to avoid learning. And their is not they can do without learning.

And self learning is not easy but when you have a mentor it will make things very easy for you, but their people that don't know the relevance of have a mentor until you encounter a problem and you find it hard to make decision. And everyone have to decide wether they want to do self learning or get a mentor.

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Quote from: nakamura12 on October 24, 2024, 05:10:52 PM

Investing to something you don't know is a bad move and it could be a trap which is to only trap investors and steal their money. It happened to my brother where he invested in a project without much questions and only been told that it's about agriculture and once itnis done then they will earn money. Well, having a lot of experience is a good thing but to do it is you have to ask experts but it won't be easy task.

In this age of the internet, it is very important not to jump on any investments that we hear about just because we have been promised huge returns on investment on a very short period of time. There are a lot of scams nowadays, especially on social media, people that you don't know about there reputation will lure you to invest your money in projects that you know nothing about their origins. It is very easy to scam greedy and ignorant people who are always in a rush to make fast money. Before going into any investments, it is important not to rush, first of all make your research, ask questions from trusted and experienced people who should know before making a decision. If you're not clear on your findings, then it's better to forget about the investment, no matter how tempting it is. If we are specifically talking about cryptocurrency investment, then it's only Bitcoin that I can confidently recommend for any newbie.

nakamura12

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Investing to something you don't know is a bad move and it could be a trap which is to only trap investors and steal their money. It happened to my brother where he invested in a project without much questions and only been told that it's about agriculture and once itnis done then they will earn money. Well, having a lot of experience is a good thing but to do it is you have to ask experts but it won't be easy task.

Alpha Marine

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Quote from: cryptoaddictchie on October 15, 2024, 01:57:49 AM

Sometimes I believed those who are I know that will really share some good alpha when it comes to good investing and potential airdrop.

The problem with believing those you know is that they might also be wrong. I know you're experienced and there's a little less chance of falling into this category, but someone relatively inexperienced can be misled by someone he trusts and both parties may not even know they're being misled.
For example, in a Ponzi scheme, a friend family member or colleague may genuinely want the best for you when they persuade you to be involved in the investment because they have and they have gotten their profit. They may not know it's a scam or a wrong investment.
This can be the case among influencers too. They may just be sharing an investment or airdrop that they thought to be legit without knowing that it's not. That's why it's really not advisable to just take people's word for it.

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Those people who would like to join the market don't have an idea this is their primary question where and what to invest, so some of them just carried away by the influencers where to invest because they hoping that they can earn a lot like others which is a common mistake throughout the time they realize this mistake. Now, if you are already in the crypto space and are still seeking others to invest, I guess that's the time you just need to learn from your own mistakes from the past. Always check the project and the people behind it if they have a successful project already or if most of them are a flop and run away so you don't worry about wasting your time if there are possible gains and goals of the project.

Zackz5000

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It is important to learn or ask people that know people that are into what you want to start or invest on before probably going into it to avoid much loss in the investment.
Even as Bitcoin investment is concern before an investor will go into Bitcoin investment he/she need some basic knowledge about how Bitcoin investment works.

In my country there are people that go into learning a particular business before they finally established their own business this is because it will make them know deep about the business, since investment involved money we really need to have idea of what we want to venture into to avoid losing all fund.

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Because anyone that is into investment does not want to make a mistake and it will be willing to not all the necessary step that to make him to overcome all the mistakes that will lead the Investment to the negative one so that is why many persons like to adopt the knowledge all for the kind of investment they want to go into so that at the end they will not regret about it so it's good as a beginner into any business that you want to to learn and understand the basic things of cryptocurrency so that by the end only understand things that comes with the cryptocurrency directly without any mistake so that when you invest your investment will not be in vain

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Quote from: Egii Nna on October 19, 2024, 04:26:08 PM

What I call that if peers pressure but in the aspect of finances. Because even though those that you know invested in cryptocurrency and gain profits that make them leave that rich lifestyle, you are not supposed to force on that lifestyle, but force and learn the way that they got there money which lead us to the knowledge first. Knowing well that you can never move further in crypto currency by trying and error if not you will lose more than you will ever expect, because you keep pushing money without any financial management or risk management. So it will definitely affect him.

The best way to succeed in the cryptocurrency space, if by acquiring knowledge from expert, and also investigate or embark on research that will help his stay in the space as an investor.

Getting knowledge from an expert may not be that easy, because there must be a reason why he will share his knowledge with you. Not all successful people want to share their knowledge, many of them are not interested in doing it even for money, there are not many ways left and one of them is to make such a person become your mentor. By the way, it is a common truth that successful people always had their own mentor, who was much more successful than them.

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it is always said that no man is an island and also that we all continue to learn and gain new knowledge till the day we are no more.this simply means that before investing in any coin at all inquiries should be made even as a pro and a beginner because change is always constant and the knowledge of today can become obsolete as quickly as the next day.it is also an advantage to ask people questions before investing so you can learn from others mistakes and try to avoid them.the crypto world is really so volatile for anyone to go into it alone without outside knowledge and input cause lots of people have lost a lot due to this simple mistake.

AYOBA

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Is very important to each an everyone who want to be successful investing to learn and understand in how the everything's concern the investing and not inly the investment what ever a person come to establish is good to know much about it, so that whatever you come across will know how to handle by yourself not till you ask any other person again: because you have already know the technical aspects.

And that's why learn before investing is the best key to cryptocurrencies, because a lot of peoples failed to gain when ever they try to invest in bitcoin due to their lack of background knowledge of the investment. but some peoples don't want study on the filled they want to apply too, that's almost peoples failed investments.

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Learning is the first anyone who wants to excel in cryptocurrency investment should do, because many persons have derailed in cryptocurrency investment due to they don't have a clear stand of it basic knowledge, even in cryptocurrency investment, you need to learn and understand it very well, and also be careful of whatever that's happening in cryptocurrency, because the risk that involves when you don't have the preamble of what you wnats to venture into, it can caused to lose what you have already

Cryptocurrency or bitcoin investment is not the most investment that is prosperous on earth, and it doesn't necessarily mean that anyone who is into cryptocurrency investment most make profit in any of its investment, so I believe that cryptocurrency investment have a procedures if really you want to understand it and also make profit from your investment, some persons just get involved in bitcoin investment because they had of it somewhere without examining the platform.

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The best way to go about any investment in the digital space is through learning and understanding how to go about doing your investment, and one of the reasons why some have got scammed in the crypto industry, if you ask, is that most of these people lack knowledge of what they're doing, they heard how others are leveraging in the crypto market and they thought it was just a day something, and not asking how long those people made their investment, whereas they will go running around in the internet space looking for a way to make such returns in short period of time and they lose money to those honey pot (scam coins) out there.

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Those who are new to investing must take suggestions from experts and invest in suitable coins according to that suggestion. You should not invest without understanding the market or without learning any important thing because if you invest in this case, the investment will be more likely to give loss.

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Quote from: Stalker22 on October 19, 2024, 03:56:56 PM

Quote from: Alphakilo on October 19, 2024, 03:27:34 PM

I would say learning is an everyday practice which will have a either have a positive or negative change in someone. Studying is also another thing in which you have to be disciplined to obtain a particular knowledge and understanding.
The crypto world is very versatile and even the ones we think that are professionals still study, learn and do research before investing.
~

You make a good point that learning and studying play a key role in crypto world. Yes, even seasoned investors continue to learn and research. but there is a difference between picking up knowledge here and there (aka learning) vs cracking open textbooks to master a skill (aka studying). and In crypto, we gotta do both. On one hand, you got to keep pace with the latest trends and tech breakthroughs. Thats like casual reading - no exams just staying in-the-know. On the other hand, you gotta hunker down and commit to studying specific stuff that matters for your goals, whether its technical analysis or coding smart contracts. The self-paced learning keeps us from falling behind, while the studious stuff transforms us into experts. You need a healthy diet of both to thrive in this industry. (Although Ive never seen learning have a bad effect on anyone. In fact, its usually the opposite.)

Learning is a main door in anything including in this industry, but you need to remember that some things we have to pay attention to, not necessarily someone has to learn in depth, this goes back to what will be sought from crypto itself because seeing now that there are so many segments in the crypto industry, it will be very difficult for someone to learn everything, so the first thing is to know where we want to go in the crypto world. it will give us a brighter light from the start because it will look for effective and efficient learning concepts if we know our goals, whether it's investing, developing or something else.

Topic: Why do you need to learn and ask people before investing? (Read 842 times)