Why will you invest in something you know nothing about? - page 15.

Gotumoot

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Often they invest because of the high returns they receive. But they don't look at the risk they can face, so scammers can easily fool them. And it's also our fault sometimes that we teach them to invest in such hyips because we want to make a big profit. This is the truth, we must teach them what to do and avoid so that they are well aware of the crypto currency and can no longer be victims of scams.

dioanna

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Very true, if you want a more secure and assurance to your investment or trade better know the details
Do not be greedy do not listen to sweet words and promises of big returns.

otto93

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Quote from: tomahawk9 on October 28, 2019, 09:38:57 AM

Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

You shouldn't have to teach him anything. Unless he has an IQ below average, he should be able to do his own research and gather the necessary information about those topics without relying on someone else, otherwise, he or anyone else will blame you if if they end up losing his money or making some mistake.

Quote from: otto93 on October 28, 2019, 08:36:35 AM

Don't let them invest in what they don't know about

I can give them some advices, but at the end of the day, people can do whatever they want with their money.

Quote from: otto93 on October 28, 2019, 08:36:35 AM

how can you invest into somthing if you have no clue about what are you investing in

Ever heard of the words "ignorance" or "greed"? Those are some of the most common words you'd use to describe someone who does what you described. Tbh, my favorite one is "stupidity".

,
You just brought it all put in a summary, i so much get disappointed in those who taught they are playing smart but end up been the dumbest on the block, oh really so sad

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

I have an article here that explains

Quote

If you are going to successfully invite people to look at Cryptocurrency, you should Do Away With The Investment Part First

https://bitcointalksearch.org/topic/m.52897407

People should first understand what they are investing in before investing what they can afford to lose, these are the two rules that must govern every investor.
People should just ignore what people are saying on what coins to invest, learn the basis and the advance course of investing in crypto and you will never be misled.

max6575

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Vave.com

sometimes as investor works on decision with appeals as expending uses on customs with casual basics on technical competence the return helps on entrance as might to follows on release with option to gains with shifts as expecting of more on offers with the higher stages of compliance.

Strongkored

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Quote from: Pearls Before Swine on October 28, 2019, 09:40:39 AM

One doesn't need to understand bitcoin or blockchain technology in order to invest in crypto, and I'm sure a lot of people do so without knowing exactly how all of it works. -snip-

I am a little disagree with this, the most appropriate does not need to be an expert in the blockchain or crypto, but at least you must understand how crypto works and also the market, so it is not easy to be fooled with friends who invite to invest.

target

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People may try to invest without knowing when they hear good about it in youtube. Bitconnect is one example of the project where people tend to see it good when the truth it isn't. The victims don't know anything about the project but because it sends out dividends to the holders, investors rush in to buy the coin. There are also investors who are just trying to win few bucks to the coins being pumped. They know nothing to the project but when they see green, they buy. It happens regularly and I was just one of those who invest to it years ago.

kolonel_x

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Investing what they don't know is ridiculous, friend.
In every project that they will invest in, they must know the purpose of the product in the future, don't just get rich quickly by not having an instant method, remember that many projects are developing now, but scamers are always there so you invest in popular coins. it would be better, if in a new project there must be examined further because it concerns your assets.

Wawa2013

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That's if people want to get rich instantly without hard work, sometimes they don't want to study first. Moreover, investing in high risk crypto, so they are FOMO, joining in because there are many sudden rich events, even though the rich are sudden people who are familiar with crypto.
How can a newbe invest as soon as they become rich, maybe lost is their money

Kezacky

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https://axiomapay.com/

You do not need to bother, most importantly if you have wise advice then use or teach your friends who do not understand about crypto. most users have their own way of investing in crypto, so if you are a wise investor you will certainly know how to put money safely in this investment.

Pearls Before Swine

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

or is just about 21st century beg??

I'm not sure what you mean by this part, perhaps you could explain.

One doesn't need to understand bitcoin or blockchain technology in order to invest in crypto, and I'm sure a lot of people do so without knowing exactly how all of it works. The average person doesn't have the math or computer background to have a deep understanding of it. But the most important thing about bitcoin (and alts) is that it's a form of money that does not depend on banks or gov'ts in order for it to function. If one can grasp the importance of those facts, that should be enough.

If you're speaking of ico's, I would agree with you. You ought to understand what a project is *trying* to do before investing in it, because most are not well thought out at all and you can easily predict which ones won't succeed and probably which ones are pure scams. But crypto in general? Nah.

tomahawk9

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Cats on Mars

Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

You shouldn't have to teach him anything. Unless he has an IQ below average, he should be able to do his own research and gather the necessary information about those topics without relying on someone else, otherwise, he or anyone else will blame you if if they end up losing his money or making some mistake.

Quote from: otto93 on October 28, 2019, 08:36:35 AM

Don't let them invest in what they don't know about

I can give them some advices, but at the end of the day, people can do whatever they want with their money.

Quote from: otto93 on October 28, 2019, 08:36:35 AM

how can you invest into somthing if you have no clue about what are you investing in

Ever heard of the words "ignorance" or "greed"? Those are some of the most common words you'd use to describe someone who does what you described. Tbh, my favorite one is "stupidity".

avikz

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

It entirely depends on the risk taking capability of an individual. If someone has higher risk appetite, they may go ahead and invest in an absolutely new asset which they know nothing about it!

On the other hand, low risk apetite people, may not invest in anything new! It's not about only cryptos but anything!

So investment decision ususlly occurs based on an individual's risk appetite! Learning can happen simalteniously and gradually!

aprilnot

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Quote from: Bttzed03 on October 28, 2019, 09:29:42 AM

When money talks, even friends or family members refused to listen and be taught.

Here's what happens to some people who are thinking about profits and quick returns, "invest now even if they have little idea, get rekt, then learn from the hard lesson".

yes you're right, sometimes they won't listen to what we say just because of money. they don't care even though we said it was wrong. and finally they failed, but that was not the case. many people are like this, but don't want to learn. they keep repeating the same mistakes over and over again. I always tell my friends before they buy or invest in ICO/IEO. but mostly they just laugh at me because what I say doesn't agree with him.

jajorforce

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

During invest time new investors doesn't research well even don't know where they invest. This is the top reasons to get scammed. If your research is right than legit project could return your money if unsuccessful to get funds rise. I will not involve or invest without knowing anything.

Javi_Anibarro

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tBTC - https://dapp.tbtc.network/

There are also people that invest in cryptocurrency because they want to follow the trend without bothering how the system and market works. Conventional traders are investing in cryptocurrency too but because they do not know how the market works, they ended up losing their capital and whining saying cryptocurrency is a Ponzi scheme.
I have seen so many people whining because they are losing their money.

asriloni

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

People are only seeing from the testimony that created by another person if that person can make instant profit easily. In additional, the newcomers are lack of the knowledge about how the crypto market works today, dude.
People needs more education but we know that so many shillers in the cryptocurrency that always gives fake opinion about any project.
What they need to know how to get the best source to learn about that. There are some best places to get a lot of information and knowledge about crypto but the question is do they know it?
But I thought everyone must not to not invest in a project that they don't know about.
The main problem is how to spread this kind of awareness when at the same time know that there was a lot of limitation for us to do that?
But this is a very interesting thing to be discussed.

Nivia1st

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Volare.network

it's all just because of FOMO ...
I think everyone who invests in cryptocurrency already has basic knowledge to judge whether the project is good or not. but sometimes they seem to forget about it, because they are too greedy. usually they are too pushy to invest despite knowing it's too late. and when they buy some then the price falls. this is what most people often do.

Bttzed03

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https://bitcoincleanup.com/

When money talks, even friends or family members refused to listen and be taught.

Here's what happens to some people who are thinking about profits and quick returns, "invest now even if they have little idea, get rekt, then learn from the hard lesson".

Byakuga

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Quote from: otto93 on October 28, 2019, 08:36:35 AM

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

knowledge is power like they say and to gain knowledge about something you must be willing to learn, even if i want to invest on something i will first learn about it, probably it might not be for me so its only a stupid person that will invest in something they know nothing about

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