Why will you invest in something you know nothing about? - page 8.

stepwilli

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Quote from: doomistake on November 07, 2019, 08:47:43 AM

Quote from: otto93 on October 28, 2019, 07:36:35 AM

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??

How would you know something if you won't try it in the first place? To gain experience, you have to try, and with experience you'll gain knowledge, with knowledge you'll gain profits. Get out of your comfort zone and stop asking, just try it and figure it for yourself, that's more amazing than asking everyone how they do it.

You don’t have to have knowledge of how the project functions entirely, but at least you should be able to make some findings about it before getting into making investment in the project, it is just like you going for an interview, you prepare not to fail by knowing necessary questions that you think the interviewer might ask and one of the criteria also is that you first research about the company you are trying to get recruited into so that when you are being asked some certain questions about them , you would have already known much about them.

This is also the same case as cryptocurrency also, you must be able to know the project that you want to invest in to a level where it would be like you are among the team by just simply researching on them first.

ven7net

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Quote from: otto93 on October 28, 2019, 07:36:35 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??

You're right. Most investors do not study information about the market and cryptocurrencies, but only listen to the promises of YouTube analysts, who very often are wrong in their forecasts. In order to earn, you need to study a lot of information, market history and trends that appear. Well, if you invest in guessing, then do not complain when you lose.

vanya.pronin.1983

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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.

duuuuude

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Very often people look at each other and invest in quick earnings without understanding the topic. Have such people rarely present common sense and until they there is the and scammers always will exist. But I will say that sometimes it is difficult to see all the prospects and risks of investments and probably everyone had ups and downs.

BeginToMine

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This is a very big risk investing on what you know nothing about. The reasoning self looks somewhat bad to invest your hard earned money in something you aren't sure or know nothing about it, lol..I just hope nobody makes such mistake though...but could favour some but to me it's a big risk. Having knowledge of something pays more and helps calm mind than what you know nothing about.

Meowth05

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Quote from: otto93 on October 28, 2019, 07:36:35 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 is very risky to invest in something that you don't have any idea about. Crypto industry is easy to understand but if you don't have any knowledge about it will can easily deplete your funds. There's a lot of articles that discusses cryptocurrencies so it wouldn't be hard to explain it to your friend but make sure that he wanted to learn because no matter what you taught if he has no single interest it wouldn't work.

Dangki01021991

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It takes investment to have a chance to make a lot of money, a chance to be rich. Take risks to invest. I believe that when we try, there will be better opportunities.

syaripudin

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Quote from: lousie9 on November 13, 2019, 07:15:13 AM

actually it doesn't matter if someone invests with coins that were not known before, it's just that the risk is much greater if you use a coin investment that you didn't know about before. and to minimize your losses, it's better to use coins that are already listed in the top 10 in the market, at least you still have a chance to get a big profit when the market improves.

yes, investing in coins that have entered the market is less risk than investing in coins that have not been known before, because this is the same way as we bet the money we have on coins that have not been able to enter the exchange market or can be said to be the same as trying luck with it

Landak

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They might be tempted by money that multiplied in a short amount of time, and don't be surprised if many people invest in crypto but don't know about crypto.
If it were me, obviously I wouldn't invest in any place I didn't know, it's better to trade. at least more safer.
Many of my friends want to join me in investing in crypto but I repeatedly say "don't follow me" because your expectations will not be the same as reality later.

albrots

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inviting others to invest in crypto projects is usually based on referral rewards that are obtained if you invite some friends to join our referral link. if I invite other people, then the project that I follow I have checked. the problem of understanding or not, we will first tell about the project, you can learn it yourself. If we explain in detail it will waste a lot of time. Beginners must learn and not be lazy to read and study the projects that they want to follow.

Bonenx14

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I never invest the investment amount which I can't afford to lose and buying the altcoin blindly is not my type of preferred investment method, to be honest. The new people in the crypto industry can choose to buy the low market cap and unknown altcoins but let's not forget that these guys have to make mistakes for learning through the hard way.

if you do not know about the investments made you should not invest in them, because if you do that there will be a lot of risks that occur. You should invest in coins that you know deeply so you know the potential in them

HK88

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Quote from: Fappanu on November 13, 2019, 08:03:09 AM

Maybe we should also point out what risks they should be aware of when investing in crypto currency. This is the first thing they need to know to be careful and to choose the coin they should buy. Remember that we are really the first to blame of the people we persuade to invest in crypto so we should at least remind them first.

just to remind is not a problem because the most important is the person who hears it. if a wise investor will surely know what they have to do before making a decision. anyone should always consider 100x about managing financial management correctly and the coins they will choose.

Fappanu

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Maybe we should also point out what risks they should be aware of when investing in crypto currency. This is the first thing they need to know to be careful and to choose the coin they should buy. Remember that we are really the first to blame of the people we persuade to invest in crypto so we should at least remind them first.

Cekerula

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Investment is risk related, so I don't think of investing in coins that I don't know about. I personally prefer the top coins on the market such as BTC, Eth, XRP, EOS & BNB. maybe for some people like a challenge so they prefer to invest with coins that are not known.

Stanlo

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Doesn't make any sense, i'd rather not invest and find another thing i know well about to invest my money into, investing in something you knew nothing about is like throwing away your money and time

lousie9

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actually it doesn't matter if someone invests with coins that were not known before, it's just that the risk is much greater if you use a coin investment that you didn't know about before. and to minimize your losses, it's better to use coins that are already listed in the top 10 in the market, at least you still have a chance to get a big profit when the market improves.

jazmuzika217

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Yes you are right because all we know that knowledge is very important when you invest in everything because all we know this is the most important matter in every business inside and out in the crypto industry. If you don't have enough knowledge you will waste your effort and capital because it will going to the road of loss.

Novatech8

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Its same message i pass unto people around me, they wany to invest first without knowing how crypto works, one of them later download a mobile wallet called coinomi and send bitcoin to its public address. Its like if never make mistakes first they will not want to learn

the rise

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Careless experiences sometimes make them understand better than usual. They tend to do everything themselves without asking my opinion about crypto investment, only those who complain finally realize that they are wrong because they only follow the intuition of personal fast profit, and the rest don't even dare to get involved because they are still in doubt, I will not teach them unless they communicate it intensively.

agentx44

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Quote from: otto93 on October 28, 2019, 07:36:35 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 agree. You should not let someone close to you to invest without enough knowledge about it. If you are going to watch them invest on something, you should make sure they have enough knowledge about it so that they would not make any mistakes on it. If you are investing on the right altcoin, let your friend know about it so that they can make the right decisions about it. Make sure that before you invest on something, you checked the background of the project first so you can make sure you make the most from it.

Topic: Why will you invest in something you know nothing about? - page 8. (Read 2619 times)