No go! Always investigate every altcoin you're investing in. Read the whitepaper and check their product thoroughly, check thier social media if they are active and constantly reporting their progress.
Topic: Why will you invest in something you know nothing about? - page 7. (Read 2619 times)
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??
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??
The truth is, this is what have killed or made many people be at lose. The follow what they heard or what they want to hear or what they see someone doing and they feel like it's worth trying. They failed to make the neccessary research to know all that is involved thus when they hit rock bottom they start lamenting.
Also, from another angle most people only share the good news with their friends and families while skipping the risks involved. It's always wise to tell people or make them understand what they are getting involved with so one will blame you afterwards.
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??
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??
When any of my friends ask me questions like this, i am give them the resources which he/she can find informations about crypto. And then i am saying that, do your own research and decide for yourself the coin to invest. I'm not recommending any coin. In this way, i allow them to know about the market before investing.
Investing in something that we don't know about at all is a mistake. Indeed, sometimes we have to do things our own way, but if we don't know how to do to be able to at least survive and possibly be able to make a profit in cryptocurrency we need to know and understand how to do it by asking our friends to teach us how to or perhaps by asking for advice from others.
without knowing the potential of a project and we invest, I think this is a gamble, where there are only 2 choices, namely winning or losing. I think this is very unfortunate for investors, because it is not wise to invest, we should gather as much information as possible before investing on a project
Investing in something that we don't know about at all is a mistake. Indeed, sometimes we have to do things our own way, but if we don't know how to do to be able to at least survive and possibly be able to make a profit in cryptocurrency we need to know and understand how to do it by asking our friends to teach us how to or perhaps by asking for advice from others.
Those who enter in any investment opportunity without proper knowledge are often lose their money because they don't have idea how it works. Some people are just going with the flow and hype of the investment and careless putting their money without even thinking.We don't want our money be wasted right? So educate ourselves first and don't rush things because no one is to blame if something went wrong because of our negligence.
Investing in something that we don't know about at all is a mistake. Indeed, sometimes we have to do things our own way, but if we don't know how to do to be able to at least survive and possibly be able to make a profit in cryptocurrency we need to know and understand how to do it by asking our friends to teach us how to or perhaps by asking for advice from others.
Research solves this problem. When investors make enquiries about their investment plans, its a lot easier to have a clue by so doing than when there's no research or enquiries made.
A wise person never do such mistake of investing in market he is unaware of. If you investing in crypto only because your friend is investing in it or crypto is giving huge returns you will only end in loss. Do things you are good in and where you can earn profits.
Yeah, this is true we should not invest in a project that we are not aware of better make research and save your self about it. Before buying never be careless better make research and take advice from other well-known investors then it will help you in choosing the promising coin. The market is full of New coins and some scamming projects as well so just don’t get scammed ask questions and then try to search and buy good coin only. 
I just want to quote what Warren Buffet once said, Warren Buffet is current on top 5 most richest in the world.
He once said:
"Never Invest In Something You Don't Understand"
Seems right, yeah? I also agree on him. That's applicable in all platform, cryptocurrency or non-cryptocurrency. Because investing is never an easy money, the risks are also existing in investing (most of the time).
(....)He once said:
"Never Invest In Something You Don't Understand"
Seems right, yeah? I also agree on him. That's applicable in all platform, cryptocurrency or non-cryptocurrency. Because investing is never an easy money, the risks are also existing in investing (most of the time).
however, the point is we can find out what we are investing in when we do research about the business. This applies to all businesses, not just crypto. So many people don't do this before investing and eventually become frustrated.
There are lot of people have experienced this , in cryptocurrency or non-cryptocurrency. I'm glad that I got into cryptocurrency and learned about these things.
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??
This is caused by a hype. Look what happened in 2017, people invested into cryptocurrencies before they learn something about them. And look how did it turn up... Another hype we saw around ICOs, and how did it turn up? 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??
Because people can be lead with help of social media and all other marketing stuff. If they hear Binance, Huobi IEO, insane profits, they rush into exchanges and buying with all the money they have. After they lose huge amounts, they are doing the same thing again and again.
In this case as an example give at least 1 project that did not make a profit on the IEO on the Binance exchange?I think now the best investment is participation in IEO on the top exchanges. 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??
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??
This is the main reason why people especially newbies are getting nowhere but losing money in cryptocurrency.
That is true, you should never invest to anything with out your own knowledge (even no in cryptocurrency but investment)
Go get more people and friend but never ask them to invest but let them learn first.
I was once become this type of person too, investing without knowing everything at all, as I don't know at that time how to check legit, so I invested $10 only, and there's so many hype in the community, so I added again to $60 thinking they are all real that even my friends invested on it, so , although I am a noob, I was very expecting that this a great one, then turned out to be a scam after few months. Anyway, this has been a morale lesson for me and to my friend.
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??
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??
This is the main reason why people especially newbies are getting nowhere but losing money in cryptocurrency.
That is true, you should never invest to anything with out your own knowledge (even no in cryptocurrency but investment)
Go get more people and friend but never ask them to invest but let them learn first.
A wise person never do such mistake of investing in market he is unaware of. If you investing in crypto only because your friend is investing in it or crypto is giving huge returns you will only end in loss. Do things you are good in and where you can earn profits.
The chance of getting successful is higher when you know what you are doing and not just following anyone's signals. If you do invest without any knowledge regarding to the business, you are unlikely investing with a high risk and you are gambling with your fate. Do things that you have good understanding it will increase the chance of getting good benefits. I have great faith in the cryptocurrency market so I will invest in it. I will not complain about anything. are you like me ?
Never step into a territory which is unknown. This does not make any sense to invest in a coin that someone has no knowledge about. Even if an investor is choosing bitcoin or the top altcoins, he should do some research on his own before jumping into them. Indeed the blind investment in potential coins wont bring harm but in order to avoid panic selling out, it is important to hold some knowledge. 
A wise person never do such mistake of investing in market he is unaware of. If you investing in crypto only because your friend is investing in it or crypto is giving huge returns you will only end in loss. Do things you are good in and where you can earn profits.
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??
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 assume that investing without knowing of a particular asset is a wrong approach. Moreover I am sure that such an approach will devastate the own pockets quite fast. The theory of investing enacts us to be more serious when investing. Let us take an example. Suppose, you want to have a shower you take a towel with you but not a wool socks because you know exactly what a towel is and for what purposes it is utilized as well as financial assets you should know well enough. In particular the market situation which is enacting in the current moment of time is a little bit difficult and unstable so it need to be even more careful than usually.
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??
You gave a striking points, most people only brag to their friends when they might have made profit either from trading or otherwise without also sharing the neccessary information, thus then their friends invest based on what they heard and it backfires they will still be the one to blame them. I think it all comes down to knowledge, knowledge is power thus let's empower our friends through passing the right knowledge. 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??
You're right. If people are not prepared for the fact that you need to learn, then they will never be able to achieve success. I have never recommended anyone to invest in crypto. I tell my friends to study it, because it is a very promising direction.
if you understand that the direction is promising, then you should recommend to your friends to buy bitcoin and then study the entire market as a whole
You're right. If people are not prepared for the fact that you need to learn, then they will never be able to achieve success. I have never recommended anyone to invest in crypto. I tell my friends to study it, because it is a very promising direction.
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