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Topic: Why will you invest in something you know nothing about? - page 9. (Read 2619 times)

hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
a lot of people try to make use of knowledge about blockchain by giving false information, they try to make themselves invest and spend their money under the control of giving information about blockchain that is not true and in my opinion that's a very bad threat that is currently can circulate among people who do not yet know about what blockchain really is, they are ordinary people are still often affected and often deceived.
member
Activity: 714
Merit: 14
There are scam projects  as well as projects likely to be unsuccessful out there. Investing blindly without any adequate knowledge on the project means one is at high risk of investing in a project which may turn out to be unsuccessful or scam. It is best to study thoroughly the project before joining its investment.
sr. member
Activity: 756
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Most people will invest in anything when they hear something that can make money, they wouldnt bother how the system works. Greediness is the reason why people invest even if they don't know what is it about.

yes I agree with you some people are interested in investing in crypto just because they want to get a large profit in a short time. they do not do research and analysis in earnest. this is a big mistake. no success can be achieved easily. we must study hard and do research then invest. investing without research is wasting money.
hero member
Activity: 2268
Merit: 789
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??

Easy all because of : money.

Remember the time when the prices of bitcoin reached an all-time high of $20,000? People jumped on the hype-train and impulsively purchased bitcoin without even knowing its principles and nature! Unfortunately, to those people who still haven't recovered their investments till this date, some of them are the ones advocating and saying on social media that the whole bitcoin investment is a scam.

sr. member
Activity: 1498
Merit: 326
Vave.com - Crypto Casino
When people hear that it is easy to make money, many people will invest without knowing how it works. This is one reason they always complain that they are at a loss. Researching carefully before investing is right but many people forget that.

To be honest, there is lots of easy money if you know how to ride with it. The only problem is that many chooses the one with a scam tagged way to deal with it. If you notice there are lots of good IEO in some major exchange, only few got rekt when investing on IEO tokens especially on Binance, mostly profit is good. Some Investors doesnt even have knowledge of the project but have some good profits. Dont invest on ponzi scheme, this kind of business will probably get you more loss than profit.
sr. member
Activity: 1652
Merit: 262
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??
the mistake of most (new) people in the crypto world is, they only see the side where bitcoin ever soared and they invest in the hope of reaching another month. but they do not understand the crypto market, how the fluctuation, capitalization, volume, and also the influence of exchangers and also the latest information. everyone who wants to enter the world of crypto should understand it all, so that if there is a price drop to the extreme, don't be surprised. and later the price rises to the extreme will also be realized.
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
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??
Simply you see potential on it, it's a current trend, everyone is talking about it but even though you don't understand how it works. Although it's unethical and unnecessary, it's common nowadays since people are too lazy to research though the resources are already there, they just need to use it properly.
Yeah, you see this kind of investment is working for many people on the internet, everyone is talking about it and how promising is this market as it's all about technology, internet and innovation and you also want to be part of this universe.
Most investors won't understand how it works, as the average education level in the world is really low, but it's positive for the market they are adopting crypto currencies anyway.
Thus, bad people are taking an advantage of it that's why a lot of scammers are still getting profit from fooling people with their promises.
This is the issue, but people need to learn from their mistakes.
Furthermore in some years there will be more guidance in our communities to help people avoiding scams and to decrease the risks of losing money in our crypto investments. Financial education is needed and people are more aware about it nowadays.
hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
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??
Simply you see potential on it, it's a current trend, everyone is talking about it but even though you don't understand how it works. Although it's unethical and unnecessary, it's common nowadays since people are too lazy to research though the resources are already there, they just need to use it properly. Thus, bad people are taking an advantage of it that's why a lot of scammers are still getting profit from fooling people with their promises.
copper member
Activity: 83
Merit: 7
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 believe it so, is just for 21st century holding bonus. I don't care about others users. I have a plan to hold all of my token until next bullrun. My real still interested to invest but I'm telling them to hold money for more time.
jr. member
Activity: 420
Merit: 1
Before investing, someone needs to do research or hire experts to get advice on the desired investment, if we talk crypto, who would know that Bitcoin can be accepted by community members and recognized by several countries to date, but there are new projects and ending scam makes investors start to fret with this situation, so they choose coins that are more popular than new projects that don't have real products to prove to potential investors
sr. member
Activity: 756
Merit: 257
Freshdice.com
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??

Indeed, there is a big difference between trust and ignorance. Nothing is more foolish than jumping without knowing how deep it is. Study and research; it is never an excuse to not know that this thing will hapoen if you choose that certain path. Planning ahead helps you lessen the risk and succeed in this market.
full member
Activity: 652
Merit: 103
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??

yeah, you've got some points. you must have some knowledge if you want to jump in cryptocurrencies business. most of people try to invest in crypto because its trend. they don't know what the risk will they take. if you have no knowledge about crypto and try to invest your money into it, it's the same that you're wasting your money. try to do your own research before doing something new.
hero member
Activity: 3080
Merit: 603
This mentality has existed since 2017 before the all time high when everyone has already seen the potential skyrocket for bitcoin. Those people that saw the people who have earned quite a lot of money on it starts to wander if ever they can also have the same experience.
And that's the reason why many of the investors before doesn't have an idea on what's this volatility thing which is the main thing for cryptocurrencies, mostly for bitcoin.
Yeah they just want to join the hype without knowing anything, they even dont know what really cryptocurrency is, they just want the fact that bitcoin is a huge thing and it has great value good for investment and nothing more. They are actually the ones the is easy to fooled and scam by those people. They are not educated enough thats why they invest on what they think is good for them and in the hype.
They wouldn't care about what they will be investing as long as they know that they shall profit on it quickly. The rich quick mentality has been made those early days and many of those investors were broke afterward because they've never expected that it will soar high and will go down so fast last year. Not understanding the investment that you're getting in is like a suicide, although some really are trying hard with all of the luck they have but it's not just right.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
This mentality has existed since 2017 before the all time high when everyone has already seen the potential skyrocket for bitcoin. Those people that saw the people who have earned quite a lot of money on it starts to wander if ever they can also have the same experience.
And that's the reason why many of the investors before doesn't have an idea on what's this volatility thing which is the main thing for cryptocurrencies, mostly for bitcoin.
Yeah they just want to join the hype without knowing anything, they even dont know what really cryptocurrency is, they just want the fact that bitcoin is a huge thing and it has great value good for investment and nothing more. They are actually the ones the is easy to fooled and scam by those people. They are not educated enough thats why they invest on what they think is good for them and in the hype.
jr. member
Activity: 434
Merit: 2
It is very important to have an idea of what you are running into because that will help you to guide against possible challenges that are involved in it. When you don't have an idea of something then it is advisable to seek knowledge before investing in it.
legendary
Activity: 1918
Merit: 3047
LE ☮︎ Halving es la purga
Investing and having results (with or without profit) today takes seconds, I investing in something known nothing about.
The long term is something you should study.
hero member
Activity: 2562
Merit: 577
Ofcourse not, that will be like throwing my money away especially when the project turned out to be not successful, it is always important to have a first hand knowledge about the project before making any financial commitment, even if you don't have deep knowledge but at least have some basic knowledge so you don't get confuse.
member
Activity: 728
Merit: 10
Many participants want fast and big money. And since some people tend to experience envy and imitation, they see that someone managed to get good profit from investing or trading a certain coin, they repeat the same thing, having no idea about the technology of investing and trading. As a result of improper actions, they lose their funds.
newbie
Activity: 5
Merit: 0
Yes it is possible, I believe very much in the BABB project which is a future bank on the Blockchain. They are on kucoin with the BAX token and the price is really very low.

I have invested a lot and I hope it will be profitable. I also want to use it as a bank, not just for money.

The application must be released in December or January as well as the bank-based website

site : https://babbapp.com/
newbie
Activity: 8
Merit: 0
It is due to ignorance or blindness when seeing benefits. They don't control themselves when they see rich people quickly, they will invest in investment without understanding it. This is a fatal mistake, especially for cryptocurrency participants.
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