Bitcoin Forum

I came across a post made on this forum by someone that says he has $20k for investment as such he was looking for people to advice him on how to go about it, for me it was actually a bad idea consorting everyone for investment advice because you could be lured by scammers to invest on a shitcoin as such loosing all your money because of lack of knowledge about Bitcoin or any investment in general, as someone that has no idea on investment I think the first thing was research google to learn more and also the risk involves. so I was thrilled to create this topic, so everyone could help by sharing there own knowledge on what someone that has no knowledge about investment should no before venturing into.

I may not be the right person for investment advice that's why I'm asking everyone to share their advice, views and knowledge incase something like this should come up, so people could learn and no what must be done before going into investment.

That is may not be scam because the person may not know about the project to be scam. But it can also be a scam if the person that tell people to invest in the project is part of the people behind the project. But I have seen friends telling friends something like this in a way all of them will be scammed together. Lack of understanding about crypto caused it. DOR is very important.

No only about the risk, but to seek for everything need to be known to avoid scam and to make a successful investment that will be profitable. You can use google but be careful too because google can give you false information like bitcoin wallet to be coinbase.com, Trustwallet and other wallets that are not good for bitcoin users. But making research by asking questions on this forum can be very helpful.

If someone can be patient and not greedy, investing in bitcoin is better, instead of investing in fake and shit projects.

investment advice is given based on self interest. it is as simple as that..

if one has invested in gold, they would tell others that gold is a solid investment.

why? because if demand for gold increases so will the price and their investment makes profit.

therefore, if someone is telling u to buy something, if is because it is in their interest.

who ever is looking to invest should do their own research.

in the end it all comes down to demand and supply no matter what it is.

so, basically one should try to invest in something which has shorter supply and greater demand.

Generally I don't appreciate the idea of having to meet people to point your to a project to invest in, if the post was about advice or where to learn how they can carry out their personal that would have been great rather than looking for someone to jsut hold your hand and take you ro a project thatwill make you a millionnaire or even billionnaire.



Share idea? You should first of all realise that not all strategy work for everyone, but the best I would give a newbie is; Learn, practice, continue learning, keep practicing and even if you get a hang of the investment process keep learning and try to sync with latest news and lastly don't stop learn... Afterall there's a reason why "earn" is present in "learn".

He can be a very stupid investor or he is a scammer.

He can pretend to be lazy and stupid and attract some people who want to be advisors. If he is a scammer and plan to scam you, he will send you phishing links or malicious documents, files to install threats on your devices.

If he is stupid, actually stupid and very lazy, I have no words to comment about him.

I am keen on a possibility that such newbie user is more like a scammer pretends to be newbie.

It is wrong for someone who has no knowledge about bitcoin to buy bitcoin and looking for advice from people for help. I think people who invest this way without having any knowledge are just desperate to get rich from bitcoin. It is looks so unreasonable for someone to decide to invest on something that is unknown and without any understanding, that means the person just only care about profit  and not about bitcoin.   Someone who is really Interested to invest in bitcoin will go after knowledge first before proceeding of buying Bitcoin to  invest.

Without knowledge buying Bitcoin is a waste because it will look so complicated to the person when their is fall in the market. Knowledge about bitcoin is not just about investing but how to use the right wallet and also helps to give good Understanding in securing the seed phrase.  No matter the amount used in buying Bitcoin, no bitcoin if their is no knowledge on how  to invest because their can't be magic to end up with a positive result by the end of the investment.

has $20k and still asks others for investment advice.
Is he a wealthy man with many businesses that he doesn't think about the safety of $20k on someone else's investment advice?

Although those who persuade and give advice are not scammers, it will not be a good investment.
No one will be responsible for losing $20k in an investment, it is a risk that will still be borne by yourself.

Learning the science of trading and the science of analysis is a must before getting into crypto.
Anyone who enters without having their knowledge will only waste their money and it will be a bitter experience and eventually think crypto is Hell for everyone.

I myself started from zero learning analysis, trading and investment strategies, and some tips that can be used to maximize profits and avoid losses.

Don't teach the rich how to use money. If the rich ask how to use money, they are trolling. But if they are not the rich guys, they are scamming you with fiction stories and untrue questions.

Learning, practicing, getting profit and lose it, getting losses are fundamentals for success. We can learn it and practice it with a full market cycle with bull and bear times.

Getting profit is difficult but possible, and a harder task is keep your profit and your capital safe. When you have profit in hands, you will be less careful and will more easily to lose your profit and even initial capital.

I saw that thread a few days ago, but in the opinion of many, the story of the man who has 20k dollars and needs investment advice from others is more of a scam than a fact. For those willing to invest large sums of money, they would not foolishly turn to strangers for investment advice. Unless his intention is to scam rather than seek real advice.

Returning to this topic, I agree that having knowledge before investing is necessary not only with bitcoin but in every field because knowledge will always be the key to our success.

You must being knowledgeable before doing anything! except you're only want to learn something like was in school where you're don't know anything become know the basic thing as you been taught by your teacher.

I think the guy who asking someone to invest $20K for him is think if there's a trusted broker like you invest in stock. But stock and Bitcoin has many difference, which he don't know since he not learn about Bitcoin.

Not only is it very good, but it's a must.

You need to be well knowledgeable when you plan to invest in crypto, as that's the best way to minimize the risk and have a good chance of being successful. One of the major reasons why people fail in investing is because they are "too greedy." They easily fall for fake advertisements about returns that are too good to be true. So, if you have the basic knowledge, you won't fall for that.

When it comes to investing, there's one basic rule that I always remember:

"When the return is too good to be true, that's a scam."

Actually your point of view is very good but I want you to know that so many people did not know bitcoin very well before they venture into bitcoin, what I know that people do very well is that they obtain the knowledge of bitcoin fully before venturing into the investment of bitcoin, some people understand the basic concepts of things before they venture into it, so being knowledgeable before cryptocurrency investment especially bitcoin is very nice, it will make the investor to have a perfect investment.

Scepticism is a great tool in the hands of an investor, because this help investor to have some restraint when it come to a noticeable red flag, such as you mentioned, because for a project to promise a certain amount of return it becomes a red point for an investor because no team have guaranteed to allocate a price to the coin and since coin value depends on the demands.

So what the investor needs in this knowledge that would guide him/her through the investment-making period and this is the greater

Which board post is that? Did he just make up an illusory story so he's looking for a counselor he doesn't know?

I think $ 20k is quite big, anyone who wants to invest will definitely think about the risks first and understand before jumping into the investment they want, let alone seeking advice from strangers that would be very dangerous.

A good investment is by doing your own research, I know there's nothing wrong with seeking other people's advice, but he himself has to decide and the risk must be borne, because investing is not an easy matter, you still have to have knowledge.

Knowledge is not everything, Kiyosaki wrote a best selling book about investments and went bankrupt himself 3 times in a row, some kid who had 10 000 allowance and had everything like internet and a computer and a ton of free time in 2010 could have made more money by spending $10 it on a whim on Bitcoin than any professional trader would be able to do in all his life with that amount. SBF had probably 1% of the knowledge Bitcoin developers have but at the same time he made for sure a thousands times more money than they do.

Not only Bitcoins, but also in each and every type of investment, if you have the proper knowledge, then definitely you will make the most profits out of the investment. I have seen many people after investing in Bitcoins for a week starts complaining that, the price doesn’t go up. They don’t know how market works and don’t know the concept of supply and demand, hence the prerequisite knowledge is definitively the top priority here. It also helps to minimise the risk involved in the investment.

Actually in addition, I want to let us know that bitcoin is not only investment option we can invest on, bitcoin is a investment that any other person can partake in cryptocurrency investment, but the process is that many left other investment and focus on investment, what you portray here is real for the process whereby people after investing in bitcoin they began to regret of the investment due to the nature of the market, bitcoin investment is good when someone want to invest for long term, and also when someone is not curious to know what the market of bitcoin is all about, that's while we do advice people to invest with their spare money or invest with what they can afford to lose.

I feel asking question itself being a part of our own research since bitcointalk is the most active crypto community so they may get some actual opinion which may be different from that OPs perspective still it can be taken into consideration. But we can't simply jump into investment decisions because someone in the online told it so, its our job to ensure their point is right and it will work for us or not?

Having some basic knowledge can at least prevent you from making unnecessary mistakes, and not make you look stupid at first impressions of others when you present your higher financial level to the average Joe.
If I teach you many things it doesn't mean I won't make mistakes in the future, every new field I explore will have different challenges. On the other hand, a new field for you doesn't mean it is new for me.

It is not difficult to research and learn something. Those who act according to the ideas of others also share in the mistakes of others. So the best advice I can give is to improve yourself. There are thousands of ways to do this enhancement. Watch, learn and practice your own way.

And there is an important point, you should not always trust the people who give you advice. It can't hurt to be skeptical.

You can even improve yourself by reading the topics opened in this forum. Of course, someone will say their ideas, the important thing here is that you can analyze whether those ideas will lead you to the better.

Someone with $20k asking Bitcointalk where to put their money? Sounds like a recipe for a big disaster.

Asking for the general consensus is fine. But useless at the same time if you ask me. I wouldn’t trust even a million people giving their honest advice. General consensus isn’t always the best. Do this in the middle of a bull run and everybody’s telling you to invest your life savings in BoobCoin lol.

Only true knowledge for success in your Bitcoin investment can help. Google is not the best place to source for it due to its ranking method.
True knowledge tend to be hidden or scarce, and can be found on this forum if you search diligently, by yourself. Searching by yourself is important because no one will likely reveal it to you even though it's known. It's a treasure people preferred to be hidden.
So, look for someone on this forum whose prediction is always accurate, and follow his/her Bitcoin investment advice. But note he is a very religious person who completely relies on the CREATOR of the Universe for success in his predictions.

Suggesting investing in shitcoin many people will say that it's the worst advice even though shitcoin is also part of crypto.
Those who suggest investing in shitcoins may only be knowledgeable about shitcoins and those coins that don't have a solid foundation.
Their job is to suggest, while the job of people hearing such suggestions is to study and find out more about the suggested object, starting with its advantages and disadvantages.

I often get posts that contain the best ideas for those who are new to the investment world.
What, Who, Where, When, Why, and How are guidelines for someone before starting investing and other work.

It's okay to ask for some advice but following the wrong obvious advice is a terrible thing to do. Those that are suggesting unknown and uncommon altcoins think that they can fool people.
But if that person has an idea of what to invest but just wants to hear everyone out on what are the potential altcoins to invest, much better that guy just do his own research silently.
Not bad to ask but to see the obvious and attracting the bad people come to your inbox is your responsibility and expectation.

Especially if they promise a return. Long term investing also seems to generate great returns, but no one promises that. Usually investments under the guise of scam quite often promise quick and large returns in the short term, for example 10% - 15% in 1 month without work or something like that. It's a scam, so of course they should avoid it immediately.

Bitcoin investments also allow investors to get 2x - 4x returns in the long term, but all investors need time and they have to be patient and that cannot be guaranteed. Fast returns are possible, but not on investment but on trading.

I think they just don’t know what they’re doing. Many of the hype followers are there just to try their luck and hope their shilling will make them rich. Even if they recommend investing in Bitcoin, it doesn’t mean it’s a good advice. Bitcoin investment requires handling a ton of risk - and if you can’t handle it, you’re down for a slippery slope to failure.

I totally agree with you, and indeed, it is true that there are very few chances that you will get good and agreeable guidance. The best advice is to educate yourself fully about Bitcoin and join different forums and communities like this. Some people act more on assumptions and imaginary things, but it is not better because what you have not understood well means that even if you act on it, you will not get much benefit. It is very beneficial for you to have good knowledge of the respective platform before doing any kind of trading or investment.

That is, unfortunately, the core thing about investment advisors: they can be sure that their scheme works, while their scheme can stop working at some point. So investment is something everyone needs to learn on their own. Moreover, you are right, there are a lot of scammers pretending to be investment advisors...

You would be a fool if you invested in something that you don't have knowledge about it. It would be more like giving a random person your money to keep it safe rather than keeping the money yourself. This is also the samein cryptocurrency where if you don't know how to store your crypto then there is a chance tbaf you will lose your crypto that is why it is very important to bave knowledge about it first before you will invest.

i think asking like that is a natural thing to do if someone has never invested at all, but actually i think it's a reckless act because it reveals the money they have and is likely to become an easy target for fraudsters.
in my opinion, the thing that beginners who might want to invest for the first time should do is increase their knowledge whether it's by reading or watching videos, doing their own research and setting goals before doing anything, including investing. i think that's the basic thing that needs to be done.
as beginners we have to spend more time learning and understanding how to invest by doing our own research and most importantly as beginners we have to know the boundaries that need to be disclosed to the public to avoid unwanted things such as fraud or hacking.

It totally depends on a certain person on what type you are into because we know that there are people who are really that too rush on decisioning or engaging into something without trying to make some assessment

about certain risks.This is why they would really be making out decisions in a rush and on the time that they lost money then this is where they do mostly do their research which is something that needs to be done
before they had put up money which its considered to be late. Internet is everywhere and you could simply google out information on which you do really like to know but be careful on making yourself to encounter
false information which it would really be just common sense that you should really verify every information that you would be able to scope on.

Do your own research and make use of your common sense would be the key. You would most likely be able to avoid potential scams if you do make use of these things beforehand.

Being knowledgeable in cryptocurrency is not an easy thing. People need to spend some time, this isn't going to be an on the go thing. Time need to be spent to learn better about bitcoin and other cryptocurrencies. Most of the people who get into bitcoin were just on following the growth bitcoin have reached in the short time period.

When one understands well about the market and makes his/her entry, they'll stay longer in the market. This happens as a result of the person making the investment on the right thing whereas the person investing without knowing could end up with some scam.

I wouldn’t say it’s entirely right to just throw it all out and ask everyone, besides you’re not going to take everyone else’s advice but just the few that sounds appealing to you.
Still, on a forum such as this, laying it all out could ne your closest means yo safety as well as posing some challenges to your funds.
The good part is, you get other on the forum to aid you in the scrutiny and critics on what advice your been given and you would as well see users having you watch out for scammers in disguise.

What you would be mindful of is the pms. That’s where you can find some real jerks trying to use your ignorance against you.

in my opinion he just wants advice from people on how to invest effectively, he is 65 years old and i believe he has enough experience to know what is a scam

The user who created that thread was advised by many not to post such open stuff, if he or she is not a scammer.
Ordinarily, I see nothing wrong with seeking the public's opinion over something, especially when you have very little idea regarding Bitcoin, and seeking people's advice will enlighten your knowledge and let you know more about what you want to invest your money in.

The method used to seek advice was wrong, and I believe the OP might have learned his lesson if he's the type to always revisit a thread after creating it. $20,000 is an amount enough for a scammer to go to any lengths just to make sure they get some out of the OP without him or her knowing that he's being scammed.
 
 

I had the opportunity to have read the case of this person who came to the forum and said that he had $20,000 to invest and that he needed advice, it turns out that he said he was 60 years old which I soon concluded that he was lying and he was a suspicious guy who probably came to this forum to deceive and steal money from people, everything in this world has limits even for a person to do hodl for many years it has its limits, for example for a person who is 60 years old or more, it is not feasible that buy bitcoin to do hodl for many years, and you need to look at the person's life expectations

at this age of 60 years how many more years does the person expect to live are not many years and bitcoin is something that if the person has it and does not tell anyone then the day that person who has bitcoin dies the bitcoins will disappear so this movement is something dangerous , in my opinion a 60 year old person should look for investments in the real world and tell his family members that he trusts, at least with that on the day of his death these people in his family will be able to benefit from his investments. when many people want to invest in cryptocurrencies, they do not think about this part of protecting themselves in case of death, who will keep the coins

OP, at first I would say this, it is very risky for someone to come public such as this platform or any other media outlet to declare their investment budget because doing that alone makes you a subject of target for scammers and possible hackers.

Secondly, every investor has his or her own opinion on getting or being educated on their investment. Education is power as they say and it also means one seeking and acquiring knowledge on a particular field. Having knowledge of an investment saves one the risk of failing or falling in that business and  scammers. As a bitcoin investor, it is advisable to have a proper knowledge of bitcoin by doing a research and conducting due diligence before going further as bitcoin is a volatile assets. The knowledge gained would guide you through to sustenance and profit making.

Doing so is indeed very inappropriate, especially for investors who have absolutely zero knowledge about bitcoin/crypto investment. Because as you said, it could be that the person who was asked for the help, instead of helping but wanting to cheat. So that's probably the downside of it. But on the other hand, not everyone who is asked to help teach them about crypto investing is a scammer. Because of course there are also many good people who want to teach and want to guide someone to be able to invest in bitcoin/crypto. So asking for advice from someone who is an expert to invest in bitcoin/crypto, is definitely risky. But in my opinion, it cannot be leveled that this is bad.
Because it all depends on who to ask for advice.
It would be nice to be like that, because learning about bitcoin/crypto if done independently will definitely be better and more memorable. But learning about bitcoin/crypto on Google, you still have to be careful, because there will always be bad and even deceptive information. Therefore, the knowledge or information obtained from Google must be filtered before being applied directly to bitcoin investment.

Maybe the OP was only gathering some ideas and then analyzing them? I agree with you we must not rely on others' decisions or advice. But for sure the person is only seeking advice and at the end of the day, it will be the decision on you, you will press the green button.
On the other hand, I agree with you OP that we must make sure to knowledgeable about what we are doing especially when it involves money which is must be taken seriously.

Firstly, you might be unaware that he has carried out some research about some project he wants to invest in but he also wanted to seek the advice of the community. Secondly, as much as I know this forum is one of the best places to seek financial advice. This forum has some of the most experienced persons that have been in the Bitcoin arena for a long time. He is not wrong to ask such a question in the forum. I believe he will get some of the best investment advice from some members.

Now it will be a failure on his side if he accepts everything or any information he was given by the members of the forum without doing his research. He should be able to analyze all the responses and extract the best ideas and do research on them.

But I will agree with you that he shouldn't have announced to the public that he has such an amount in his coffers. This action can attract scammers or even criminals to him.

Do you have any suggestions? Because I've never seen anyone make predictions that are always right. No one has a crystal ball to know about the future, if someone can easily predict bitcoin, is investing in bitcoin still enjoyable? Moreover, no matter how good the person is, they shouldn't follow their advice. Why don't we do our own research and learn everything and the advice of others should only be for reference, not follow them? Maybe the method, that advice is good for them, but it doesn't mean it will be good for us.

I don't have much experience with bitcoin investing but I recognize that one must be informed about all the investment knowledge before investing in bitcoin. If someone does not have proper knowledge about investment, he should refrain himself from investing. Investing without due consideration can certainly lead to investment losses.

Dear op, as you did not mention the type of investment in BTC, Which is holding or trading. So, it becomes difficult for me to answer, So for your convenience, i will share my opinions in both ways.

For Traders
If you want to invest in BTC and perform trading then as a newbie you should learn the basics of Crypto, and how to become a profitable trader. And to become one, you need to make real efforts. As you mentioned, the investor had money but no knowledge, and that person is not looking for knowledge instead looking for someone who could do the trades using his money and earn him money while he is doing nothing. This includes risks for both parties not only for the one who has money but scams could also occur with the knowledgeable person who will approach that member.

So, if you are a trader following thread will help you.

• Beginners Should Follow These To Be A Good Price Predictor (https://bitcointalk.org/index.php?topic=5457780.msg62472354#msg62472354)
• What are the steps in understanding technical analysis? (https://bitcointalk.org/index.php?topic=5456885.0)
• New to Trading - Tips and Suggestions (V1) Getting Started (https://bitcointalk.org/index.php?topic=5446799.msg61999785#msg61999785)
• How do you come up with reliable predictions for prices? (https://bitcointalk.org/index.php?topic=5457766.msg62472410#msg62472410)

For Holders
If you want to invest in BTC for a longer period of time then there is less effort here. As you have to follow some simple steps which are:

• Always, make your mindset about the profit you are expecting from your investment. Do not make a fool of yourself by earning a lot by investing little.
• Always perform DCA, do not buy all BTC in one go, by doing DCA you could increase your profit ratio.
• Take measures to store your BTC for a longer period of time. Many holders mistakenly hold their assets on exchanges which is not the best practice. I have a recommendation for you of a thread that might help you out -->Things to keep in mind before accumulation of Bitcoin (https://bitcointalk.org/index.php?topic=5413303.msg60927021#msg60927021)

Well, this forum is the best place to learn more about Bitcoin and Alt coins and the worst place to get investment advice. I say this, because there are very knowledgeable people on this forum, but there are also a lot of scammers and Alt coin shills on the forum.

The main thing to remember is this... "Buy Low / Sell high" ....the rest is just noise and speculation. Also, when it sounds like something that is too good to be true, then run the other way. (Red flag for a Ponzi scheme)  ::)

I feel that we all require guidance since no one can become intelligent if he does not accept advise. But, before you apply the advise to your life in general, you need conduct some research to establish that it is helpful. Similarly, there are several trading advice available, but not all of them will benefit you; some will simply take advantage of you or cause you to lose money because you lack sufficient understanding. That is why conducting self-research is essential; you must walk not what others say, especially if the individuals giving you advise are strangers or people you do not know. This method will help you in becoming a successful trader.

It took me years before I can understand what "investment" really means. Not that I didn't know how to do it, its not the part where you buy and sell, technical part of actually buying something is not really that difficult, you just open an exchange account and trade, that was always easy. But that doesn't mean that I knew what investment meant, how to make profit, how to save, how to put on top of each other and bring it to a new high, then make a big adjustment during bear and bull periods all individually. Things basically became a lot easier to understand in the last 2 years or so, I made a lot better moves and I am hoping that it will continue down like that for as long as it could go. This way is much better for investing for me.

It's unlikely to be true, someone with 20k for investment can have other motives or they are nervous and don't know where to invest their money, such people are not ready to lose such an amount of money that's why they have fear and they only have the option to ask others opinions, it's fine with me.

If possible that this person is trying to scam, they would come up with a strategy, I don't see any trick of trying to fool or lure people for any selfish reasons, maybe you do but I don't.

Some people have the money but they don't have the patience to put that money aside first and go into full learning mode first.

Doing personal research is the best approach to any investment, However, consulting people's advice does not necessarily mean that you would do things based on that advice but hearing from  others' perspectives to come up with a better conclusion on what to do after you must have done your research. There are some points in your life where you get a bit confused with deciding on what you are not good at or familiar with and would be needing to get opinions from people whom you think might have more experience than you do.

Yes, many people has used this platform to acquired Bitcoin and cryptocurrency investment knowledge and they are doing well in their investments, because they dedicated their time and focus in this platform. The real people advise will always march with your personal research that will improve your knowledge in Bitcoin investment, because scammers advise will always go wrong with your personal research, and it always come in a short cut that will make you to regret in your investment in the future. Those that learned from this forum on how to buy when the price is low and sell when the price is high are doing great in their Bitcoin and cryptocurrency investment, which is the best way to achieved Bitcoin and cryptocurrency investment knowledge.

It seems logical for everyone that the one who has a large amount and wants to increase it must know well where and why he invests his money. Listening to strangers and loved ones removes responsibility from oneself for probable future losses. If such stupid people can blindly invest money, having no idea who they trust with it, then I think they should not even feel sorry for themselves. Such people will make mistakes until they hit many bumps and gain the necessary experience.

The findings will work better if we have good knowledge. So starting without knowledge is bad. Although in the end he will learn from his mistakes. Having knowledge will be more useful, when you set the pace and reduce errors. So supposedly people will have management and be careful. It is human instinct because they have a fear of mistakes. Simply put, it can indeed be said to sell expensive and buy cheap. But in practice it is quite difficult and knowledge is one way of finding that.

Being Knowledgeable before Bitcoin or any investment is not only very good but it's a must. You are investing your real assets so you have responsibility to know the deep about your investment and how it works and what are the advantages and also what are the disadvantages.

I want to say about this guy who is going to invest 20k $ his speech is quite suspicious. Because no one is going to tell the amount of investment in a open place where well wishers and scammers stay both. I am not telling forum is a place of lot of scammers but some are remain. By the way for me the best investment is Bitcoin and I will also suggest him and he could ask about the right time to invest. Then the answer will be "When people are selling, It's the best time to buy".

If they are really worried and not ready to lose such a large amount of money, why are they publicizing them and asking for help from strangers? In that case, I think if he wants to invest seriously, he will take his time to figure things out or get help from people he trusts because it's a huge amount of money. I also saw that thread, I don't know what his real motive is, I can't confirm that he's trying to scam people, but I don't believe what he says either.

Well, I don't think that the guy has done anything wrong by asking others advice because it's always better to learn about new things from well known investors in beginning. The guy asked for advice and the reputed members of the forum shared their opinions, and there is nothing wrong with that because they all shared their own interests and ideas. Once the guy got the advice then he should reverify each advice by further researching about it on Google, Youtube, and other platforms before putting his money into it.

I really don't think that anyone who has knowledge about crypto-currencies would advice others to invest in altcoins because most of them are totally useless and exist only for pump & dump schemes. The creators of those coins intentionally created the coins for the pumping & dumping to earn their revenue, and the exchanges listed those coins also for the same reason. However, I can't underestimate the fact that there are some good and useful altcoins that can be profitable if someone invests in them at right time, but almost 95% of altcoins are useless, and they are just there to grab naive investors money.

Although it's not fair to say, but you're also doing the same thing that the other guy did in his post. You are also asking for the advice of this forum members, but on the behalf of that person, and that's why I don't think that you will get anything new because the forum members are same and their advice will remain same. I think it should be better if you appreciate the advice of the forum members and then do your own research to further verify that the advice could be useful or not. I hope that will solve the issue of trust because after verification by oneself then it's one's own decision to invest in a thing or not.

The haste of making money fast is not easy to escape unless you don't have the money yet, and that's why I believe that your point is valid, if you don't have the money for investment you can have time to lead about Bitcoin and how to be safe in this crazy wild west.

I've learned a few things the hard way in crypto but I have heard about the worst cases of new investors that are close to me, that's when I understand that mistakes can be avoided only when you don't stop learning, and also your mistakes will be limited compare to those that don't create the time to study the most important things in Bitcoin investment.

Google's credibility is insufficient for matters of finance such as this. From what I understand, Google merely presents content created by numerous individuals, without any official determination regarding their intentions, whether they harbor ill motives or any other intentions.

Given that, in my opinion, $20k is a substantial sum, I could allocate 10% of it to seek consultation from an expert in the financial field. Engaging with just one advisor will suffice, ensuring they are a reputable and trustworthy financial advisor who will not lead us astray into purchasing unnecessary items.

If you have the knowledge of Bitcoin first before investing in bitcoin your are at safety because you will not being making a mistake in any of your investment time, Bitcoin is good to know the conditions before you plan to invest in bitcoins.

But I want to ask if everyone who is into bitcoins today have the knowledge of bitcoins before investing for bitcoins, some times it's good to make your own research and perform some practicals by yourself  to know what we will happen, it's good to learn my your own mistake or learn from someone mistake for any investment not only in bitcoins investment

Indeed prioritizing insight before making direct action is highly recommended. And that is indeed good enough to reduce the risk of loss at the start. I personally might have entered before when my knowledge was not sufficient. but I'm getting in bit by bit while continuing to learn more. My insight continues to grow as my experience increases. I also experienced many losses at the beginning of my investment. because in the past I did lack the necessary information and insight. It was only after experiencing a loss that I understood that insight and information were important.

But after we have enough insight into the world of crypto, be it in crypto trading or in crypto investment. then the insight that fills our heads alone will not be enough to avoid losses. Because I realized that in addition to insight, self-control and a strong mentality are also needed. Mentality is formed with increasing experience in exploring this field. So that we will understand the lesson about Psychological trading as time goes by and our experience. Meanwhile, we still have to master basic knowledge such as various kinds of analysis before starting trading.

There would be no problem in looking for that guide as nowadays it's easy to educate ourselves with the help of the internet. What we need to do is be resourceful, read more, and join a community like Bitcointalk, where we can gain unbiased knowledge.

I understand your fears but I don't think it's actually a bad idea asking people for help on the right project to invest if it is done on this forum as you still need to make a decision after listening to all the inputs or suggestions. It is not as if anyone is forcing you to invest, you still have to DYOR and decide whether to give it a shot or not.

As a newbie with zero knowledge about the right crypto project to invest, I wouldn't endorse researching google for help because such a person might stumble on some paid articles about a shitty coin or project without really knowing. Believe it or not those articles are really misleading, same goes to many online crypto videos and Youtube channels out there. There's is no other better project to invest your money in than Bitcoin and no other better place to gain valuable information and knowledge about cryptocurrency than bitcointalk.

I saw the guy post and I don't think the guy did well of coming to the public for such. That amount of money to invest in Bitcoin is a huge amount. And as you said, a fraudster might corner him and chats him up to invest on some Ponzi schemes and collect all his money. I was not also in support of coming to the public and tell the public that he has such amount of money and was looking for an advise to invest. Scammers use different methods to lure people to scam them. As it is said before by other users that, investing in Bitcoin is not hard as trading. You just open a trustworthy open source wallet and buy any amount of Bitcoin and store it there.
Scammers are very subtle that they can deceive you to give them the money so they can use it to invest for you.
Be wise when dealing with the public. There are good and bad eggs.

LOL A rich man can do anything with his money even if it goes to waste.
Relying on other people's investment advice is like giving one's life into the hands of others.

The intention is to be a cheater, or just want to get attention from the forum residents.
Instead of wanting to be noticed, it becomes a topic of conversation that the author of the fictitious story is just nonsense.

Seeking random advice from others is dangerous, no one can justify it.
But if the advice from others is filtered and combined with the results of your own research, it will be better.

if you are looking for advanced and in-depth knowledge, google may not give you, but for basic knowledge, it is the most complete place for you, IMO.  and I think the bitcoin basics provided by Google should be enough for anyone to get started. I also started learning everything from social media without anyone's help. 
I would rather figure everything out myself than hire a financial advisor, because if they are really good at finance.  why do they not make their own money by investing but advise others to make money?

I think that scammers would immediately send such a person a phishing link in private messages so that he would click on it and enter his own keyword. And if he did that, he would lose his money. It is better not to talk about how much money you have on the forum. Of course, we all have our bitcoin addresses open here, because we participate in subscription, and everything is visible in the spreadsheets there. And anyone can see our balances. Nevertheless, it is better not to show how much money you have, and you need to be very careful with other forum visitors. Despite the fact that tt will always help and explain any topics, there are a lot of unfriendly people and scammers here. After all, cryptocurrencies are a monetary topic.

When you are just beginning to learn about bitcoins, investment should not be your main priority rather you need to gather as many resources to gain knowledge as possible to protect yourself from fraud and Ponzi Scheme because this is what made others lose their trust in bitcoins because they rush to invest whenever they are offered with some scam investment platforms which involve the name bitcoins in it. They thought this was the real thing, and they even had their way of explaining the reality of bitcoins which is also a hoax they get from the owner of such frauds. And they spread it to get the attention of newbies in this field to fool them into investing as well.

Yeah, likely that they're following the crowd and think that they've been in luck because they're the first ones that got in. As long as they highlight that there's the risk in everything then that should give the investor or the newbie a warning that they need to take heed before investing because they will never know if aside from suggesting bitcoin, they'll gonna attach some of these altcoins into telling on what they should buy next after bitcoin.

or if not, avoid investing in new alts. stick to btc at first. start small, learn the ropes. there's no rush here. many are in a hurry because they have the concept of getting-rick-quick in this market. but that's a lie. you still need to work hard to achieve such status. the more you educate yourself on this market, the more confident you will be in facing any market challenges.
there's nothing wrong in making a mistake. but if you are just a new one, use small funds so it won't hurt your pocket if you lose it all. in time, you will be more confident as you will gain more tips and tricks along the way.

Investing is a constant risk, there is no exact formula that allows you not to generate losses. Through experience, each person creates their own strategy that gradually adapts and allows them to generate favorable results. Telling you exactly how to do it doesn't make sense since I'm still learning like you, so instead of creating a preeminence, it could harm you in a certain way. There are innumerable ways to invest and generate more money than you had, but they all have their own ways of studying themselves, so the only thing I could tell you is to experiment, take risks, take small steps, and little by little increase the risk, so that the blow is not so hard in case you fail. I consider that it is the only way that a person can involve you in this world


Something to tell, so as not to fall into scams, remember that the person who paints you excessive earnings is a clear indicator that it may be a possible scam.

They thought moving so early on more riskier alts can generate them good profits. But they didn't know that this can cause them a lot of money especially if they just invest on new projects without doing any further research. So much better if they stay trading bitcoin for a while and know its technicalities so that they can learn something that they can use on altcoin tradings. So many thing to learn without getting any huge loss if we have patience to learn first before going on something risky to us.

Of course, it is always advantageous if someone is very knowledgeable about Bitcoin or anything else before going through it; otherwise, they can fail along the way. An example is some crypto newbie that just ends up landing themselves on some shitcoins that can vanish with their money, and they will put the blame on Bitcoin. They could have some misconceptions that may even be passed on to their friends, making them think that Bitcoin is a bad asset to invest in, but with good knowledge, one can be saved from a lot of scams and shitcoins too. Whoever wants to start their Bitcoin journey should just make sure they have their knowledge sharpened before going into it.

I know what thread you are talking about and pretty much it's an example of what you shouldn't do before investing. On the other side, I don't think that investing in bitcoin requires too much study, I try to explain myself better: once you have a general idea of the economical system and the inflation, and then you read what bitcoin is about, I don't want to say it's a no brainer decision investing but almost. Then you can dedicate more time to understand every little detail, sure, but having a basic understanding is more than enough in my opinion.

Agree with you, but sometimes it's not that simple.
A bitcoin investor needs to understand the basics of investing and they need to be able to manage their budget fairly well. They don't have to be greedy just because other people say it, but of course other people's experiences can be considered.

Besides they have to be able to understand the market and other factors about minimizing risk, they also have to handle themselves as best they can. They must be able to maintain good psychology, stable emotions and so on.

Only irresponsible rich man will do that.  A business oriented rich person will always prepare everything and know the investment before releasing his money.  They will research, read information about people's experience on the venture and drive a conclusion themselves.


Yeah it is possible that the OP of that thread is seeking attention, if not trapping the people who messaged him into some form of joint investment then scam the unsuspecting person at the end.


Or learning the experience of others, knowing their actions and the result of the action is way better than seeking an advice from anyone.  Result from an action never lie and is best form of example.

I guess you’re referring to the previous post that asked for advices on what coin that is best to invest because he’ll be putting his $20k for retirement. Well, first and foremost, investing without knowing on what you are doing is a very risky decision since you might lose all your hard-earned money in an instant because you know nothing whether the advices you received are trustworthy or not, and worst is you might fall believing in scams. That is why you need to prepare yourself before investing and be knowledgeable and skillful as much as you can because that will only be your weapon so you won’t be investing in wrong coins and won’t be easily lured by scammers around.

Many people nowadays invest in the things that they doesn't even know. Some of them when they heard they can earn BTC they are thinking that it is an actual btc like that thousand $ when they invest, they are the easy target of scammers, I really hope that they can be knowledgeable enough so that people will less likely to be scammed  nowadays and I just hope that they will not easily believe in fast and guaranteed money that will only took them weeks to earn BTC.

I believe seeking advice is as good as investment itself but seeking it from random people is a very bad idea. There are people that are expert in whatever you choose to invest in, so seeking advice from such people will actually help you to gain more understanding of what you are to venture into. But this should not stop you from making your own research. Acquire knowledge before beginning your investment, do not just invest based on people's opinions. Follow your mind.

I also came across that post and I think I even dished out my opinion as well. The poster sounds like a scammers too who wants to victimize people that might be interested in the game. The best scammer will triumph among them.

Logically how can people trust other people's advice when they themselves do not first study investment and know the potential of what coin they want to invest in. When it comes to investing, people tend to suggest bitcoin because many people have seen the advantages of investing in bitcoin compared to other coins. Analysis and basic knowledge need to be studied and advice from others also needs to be considered so that our knowledge is more perfect in investing.

Especially for bitcoin what you need to learn is how to be calm and not panic when market conditions are experiencing a sharp decline, or in other words, you must be able to control risk. Fluctuating prices are just a market journey process and there are times when bitcoin returns to a better stage, when we are calm and able to control risks then whenever you will not experience losses when investing in bitcoin.

When you go to school , University or whatever  it is, this is what they say because they are going by the book but in reality you need to go off script sometimes!

But let's face it, the reason most of us aren't crypto millionaires today.. is because we want the knowledge for us to be convinced to invest,but fortunately the early hodlers were probably told of the potential that lived within bitcoin and the put down a couple of dollars on them without thinking twice and didn't need the knowledge...and that leap of faith today made them millionaires. I suppose the 10,000 bitcoin pizza could relate to this of not having the knowledge,  but all in all sometimes it's all about the gut feeling and taking the risk.

Not everyone who gives investment advice is bad. There are those who come to us with good intentions and goals.
I tend not to want to generalize all the suggestions given, especially suggestions that come from people we know well.
The important point is the filter we use in assessing the intent and purpose conveyed.
Searching for information about investment advice on the internet is only to find a source of comparison before we decide.

For me, finding out through various channels about something to be done is part of the effort so as not to get lost on the way.
Can not be separated from the many modes that will lead us to the abyss.
Maybe you understand what I mean.

Not just for bitcoin investment, but in all types of investments, having prior knowledge is always a must. That way, you will know if the investment has its high potentials to succeed or just another part of scam that is going to waste your money and put all your time and efforts into waste. Without knowledge, everything for you is good and desirable to invest especially for those too good to be true investments, until you realized it that you invested in a wrong coin while seeing your money is not growing anymore and even push yourself to lose a lot from a red flag investment.

The direction of your message is clear to me, and I believe that gathering people in the forum is a better idea. The forum is not without scammers, but I am confident that the good people outnumber the scammers. If anyone can notice, this forum is full of experienced and intelligent people who can correct your mistakes immediately after you comment. Furthermore, the moderator is very sensitive to the activities in the forum, and if the post is against they will remove it. So the forum is far simpler than the Google you advocate; I'm not against Google; it's simply that someone is more vulnerable to scammers in Google than in the forum; rarely do you dedicate scammers in Google.

One of the biggest mistakes you can make as an investor is to start trading based on your instincts. I can't deny that you can get some positive results this way but it could just be a result of luck. You need an appropriate plan to manage your risk and achieve consistent results. People took risks by investing in things they did not know in the early formation of crypto markets and those who hodl took a big risk and got rich. I don't believe it was done in a planned way and it was purely a risk luck factor. Today, we must act by making a plan after the stones are in place, not by taking risks. Because the number of scammers in the market is unexpectedly high. We have to be knowledgeable and plan ahead.

Your trading plan should be a system that you create with your experience in the market to get the results you are aiming for. Before creating the plan, you must be informed. Open sources on crypto markets are plentiful and a newcomer has an advantage in knowledge. The most important thing before investing is to invest with the money you risk losing. I know it's a classic statement but it's always a situation that will protect you against risks and give you an advantage for your new investments. It is better to be knowledgeable than to take risks.

We have both legit and scam project in the market, we just apply caution when dealing with these project, because these days, even the legit looks like scams. We ought to keep everything to ourselves and only expose our plans to some peers, the important ones that can contribute positively to the market and our ideas. Asking everyone for advice, remember we have both profitable traders and the opposite, who would want to take advise from someone that barely see profits in the space, we are all by ourselves and preparing for whatever outcome that lies ahead.

if someone don't know about something then he or she must asking to another people who have experience or knowledge about it. this forum if the best place to seeking for answer. something that I can inform or share to people that really new in this cryptocurrecny world are we have to know about bitcoin halving, masternode, minning, faucet, bounty campaign, pump and dump price, and etc. these are small things that atleast they have to know so they can be more prepared. i don't suggest them to looking information in social medial such as youtube, instagram or etc, because not all informations there are valid because no one has strong enough to control them unlike this forum who has rank to convince people if there is something wrong.

I think so too. But what you say about scams are there really scammers in bitcoin. However I have never seen a scam. I agree with you that before investing in bitcoin you need to have full experience with it.You have money you want to invest in bitcoin. But if you don't know anything about it then you won't be able to profit. Before investing in Bitcoin, you must be a good trader. You should take some tips from experienced people in this trading. Because the price of Bitcoin usually goes up and down.

Trading on instinct is like trying to sprint before learning to walk, especially in unpredictable markets like bitcoin. While its true that some of crypto's earliest users may have lucked out more than they planned, the playing field has subsequently shifted significantly.

You make an excellent argument about the rise of false information and bad actors. The safest bet against these dangers is a well-thought-out strategy that is informed by facts rather than gut feelings. Like a GPS for your assets, it helps you avoid traps and get the most out of your money.

Equally significant is your insistence that data is easy to obtain. There is no shortage of open resources, and they are essentially gold mines for rookies. But how can we tell the fake from the genuine? This is when careful investigation comes in.

Social media is one of the worst places to look for information or try to educate yourself because social media is all about fake life and trying to oppressed others. If you want fake life and fake advise, social media will be perfect place to go but if you want real information, the forum is the prefect place for you because we have lots of genuine lovers of Bitcoin in the forum that'll go extra miles to make you understand what you're asking about.

Social media are full of paid influencers which means the information they're giving to you has been paid for by some project and they'll try to sell you the ideas of that company or project and not the truth. For example, they'll tell you centralized exchanges are the best exchange.

Indeed making money is not easy as you think. It requires patience, commitment and perseverance to accomplish.  The course of quick money sometimes is as a result of greed and impatience and it leads to one falling prey of scammers because they would believe anything they are told without digging into it to do a research themselves to know if truly they are hearing the right or wrong thing.

As you have said, mistakes can be avoided when one devotes their time to acquiring knowledge through research and reading. This would give them exposure to what they are inquisitive about thereby  enlightening them more about the matter for which they seek to know as the case may be.

Being knowledgeable is a must, not just when you plan to enter investments, but even when you decide which path to take so you can be more successful in your endeavor. I think that’s the secret of successful individuals today, equipping theirselves with knowledge and skills first prior to their decision making. Most especially if you decide to enter bitcoin investment which is very volatile and unpredictable, then the more that you’ll have to armor yourself with adequate knowledge and working strategies so that your investment will create higher chances to succeed. Otherwise, investing will turn into gambling if you don’t even know what you are doing in the first place.

That's the right thing to do it's a case of the horse should be the one pulling the cart, knowledge is important and powerful, it will save you from losing your investment from market volatility and from investing in shitcoins and from getting scammed.
There's no reason why you should not learn or study what Bitcoin is and how to properly invest in Bitcoin because everything is free to learn everything about Bitcoin and how to invest.
People should not be lazy and stopped from learning and getting updates on what's happening in the market and the industry, learning is a continuous process when it comes to investing in Bitcoin.

Lack of money to invest in Bitcoin is the only thing that can make someone spend time on learning about Bitcoin, and that is if they found Bitcoin to be interesting, if everything is money to you, the patience won't be enough and you will want to get into business straight away, but lack of money can help you slow down and you will end up reading and reading to know and understand what's happening with Bitcoin and how people are really making money through Bitcoin, actually I am using my own past experience to give advice here, there are possibilities that I would have make many mistakes in crypto space if I don't take my time and started my journey when I don't have money to invest.

When a person learns about Bitcoin he considers various aspects and needs general knowledge and skills. When a person is interested in investing in Bitcoin, he must know Bitcoin well. Before investing, one must take advice from a knowledgeable person, otherwise investing without understanding risks facing losses. There are many people who go into investing in Bitcoin without researching it and subsequently incur losses. So it is better to invest after researching the investment well first and getting detailed advice and education about the Bitcoin market. And a new investor must be wary of the volatility of the Bitcoin market and invest with patience. Of course, before investing you need the advice of a knowledgeable person, then in the future you will be able to position yourself as a good investor by gaining that knowledge.

Actually your point is meaningful but I want you to understand one of the concepts of investment and people that does the practical is entrepreneurs " a business man and woman but be a risk taker" and for you to be a risk taker that doesn't mean that you have understand the primary loopholes of the kind of the investment you want to venture into, but I really want you to understand that bitcoin investment is like any kind of investment that can make away with your fund's if you have not understand the terms and conditions before venturing into it, but if we should consider mastering or knowledge the protocols of bitcoin or any other investment before venturing into it, that means nobody will like to lose for any average investment it involves its fund's, a risk taker don't need to master a business before investing it's money. But it's good to know some secrets of a business before investing but that does not mean its necessary for entrepreneurs.

Yes exactly one should get knowledge personally as world is full of scammers thats why trust even in innocent person is difficult. If one hear about bitcoin success and if he cannot trust anyone then taking knowledge from YouTube and Google will be helpful for him.

Sharing knowledge is better but sharing your personal information is not  good ide because through sharing knowledge other will take interest in it but through sharing personal information your bitcoin will be hacked by other person and you will not be able to do anything.

First learn from crypto users then from YouTube videos and after that if you learn completely then put little amount and you will get further knowledge through personal experience.

Investing is not solely about Bitcoin; it applies to any investment, whether in the digital or real world. Thorough research is essential before making any financial decisions. It is crucial to consider both the positive and negative aspects of your investment. This is particularly important when it comes to investing in cryptocurrencies, where extra caution is required. A single mistake can result in the loss of your funds. Therefore, it is necessary to dedicate ample time to researching cryptocurrencies and determining which ones are suitable for you. Remember, your future is influenced by your investment choices, so don't blindly follow anyone's advice to invest in crypto. Always engage your critical thinking and assess whether it is the right decision for you. Avoid making decisions based solely on emotions.

With this type of approach, this man is only putting himself at risk of losing especially when he publicize that he’s got a huge amount of money and that he’s looking which best coin to invest. Seems like that he’s really innocent on what he’s doing, one thing that we should never do and let other people know since they will use it against us by taking advantage of our weakness just to steal our money from us. The reason why knowledge is a must before investing, not just for bitcoin but to all uncertain investments that need knowledge and investment strategies to make it successful.

Knowledge is power, and I believe that it is true if you are knowledgeable you know how to handle most things or events, and that also includes in crypto or investment.
In order to be successful we have to learn how to manage our investment and when to trade our asset, so it is important to know more before investing and to avoid being scammed.

Naturally it depends on the individual who wants to invest because I know that someone like you won't be allowed to be scammed by some fellows over here or even invest in a shity project. What mostly I do encouraged newbies investors is not to invest in any project other than bitcoin because I understand that bitcoin is more secure and trusted than altcoin and there's every likelihood of losing your investment with altcoin.

Google is something that is too risky, I won't even encourage you as well to use google for whatever that related to financing and investment advice because nowadays google most times promotes scam site as ad and immediately you typed and search you may like get wrong information & link. So whatever advise you need concerning your investment journey you got them from forum, this forum is widely enough to give you whatever information that concerns bitcoin and any other altcoin related issues.

Appreciate your thought. It is very important to know well before making any kind of investment. If an investor cannot acquire proper knowledge then he will not be motivated to invest. Those who invest without knowledge will not find the right investment platform. Moreover, an investor must acquire sufficient knowledge to make good or bad choices. Scam projects on crypto platforms always try to pass themselves as legitimate. To know how to control yourself from all these scam projects so first of all give priority to gain knowledge.

To get knowledge, a person will have to make research or better due diligent research. It does not mean that person will be exposed to accurate knowledge but at least it is a right procedure to do. Repeating it will sharpen skills for due diligent research which is helpful later.

I don't think so. People have many reasons to be motivated and make their investment. A biggest reason is to get rich, investors always want to get rich but they can be intelligent investors with knowledge or gambling investors without knowledge.

Not all. It depends on luckiness like who introduce them to investment. If luckily introduced by a good and knowledgeable person, no issue. If unfortunately invited by a scammer, big problem and will lose money.

But I think there are cases of people having all the money to invest but they still remain cautious to putting their money into bitcoin investment either because of the lack of proper knowledge in what you are actually putting your money.

Bitcoin is currently spread and taught to many people out there without the proper basic of it the whole volatility aspect which can make some of these people invest without hesitation thats if the funds is actually available like you said.

I also saw the guy posted that but is what he said true? I don't believe a person with a large amount of money to invest is so naive and stupid, I don't believe that story even though I don't know what his real purpose is.

Coming back to this topic, and I agree with everyone, being knowledgeable before investing is an advantage, but most people do the opposite. They rush to invest through the advice of others without doing any research first. It is not until they lose and lose money that they really start from scratch with knowledge.

If you are making any investment then you should have basic knowledge about it like why it will grow in future because we are investing with the aim of making some profits over our capital.But there are some people who jump into under the influence of whole market like when the prices are surging you will see lot of people moving towards it with greed factor but they don't have knowledge about it which is risky move.So we should always know about what we are into not only about Bitcoin.

Sometimes it is best they have a first hand knowledge and experience when such people who fail to hid to advise by doing research and learning about the investment they desire to go into. People of that nature do not learn properly until they have seen things from their mistakes and what annoys me most about them is that they sink huge amount of money into business depending on mere words by some fake con men who pretend to be business expert looking for investors for their business. I have come to realize that most of these so called money bag tend to ignore business advise not until they had  hit the ground that is when they tend to sit up by doing the needful.

These people does know how investment works and how i should me approached but there are lots of people who just jump into the investment due to hype of other people which often resulted in a a negative ending where the one who immediately invest is trapped in the volatility of Bitcoin and often times gave up their investment by selling the holdings at a lost.


We can blame this kind of event to people who are just explaining the pros while hiding the cons just to make their target to invest in Bitcoin without digging any dipper.

Some people invest in Bitcoin because of FOMO, not really because they have a good idea of what Bitcoin is really all about. That's the reason why you see some people buying Bitcoin even at a very high price. Note: I am not referring to every Bitcoin investor, but for some of them, they will invest in Bitcoin when the price has risen because some are bullish, and they would just want to rush in and take profit at the peak of the market, but sometimes they get disappointed. Some investors bought Bitcoin when the price was $60k, and if you ask some of them, they will tell you that their reason was to make a quick profit if the price was able to reach $80k or $90k that same year, but they got disappointed. Every Bitcoin Investor should know that the best time to invest in Bitcoin is during a bear market.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

I am glad that you understand the fact that it is not important but necessary to gain knowledge before getting into Bitcoin investment. Bitcoin investment in exciting and highly rewarding. But it carries risks. So without proper knowledge and research, one can not be successful in this. People thinks that, just by investing by hearing this and that profit coming from Bitcoin investment, they will also make same profits. While the reality is very harsh.
People can take away everything from you except knowledge. That's the one thing that will stay with you for forever. No one will be able to take that away from you. Gaining knowledge should be our first priority in life. Learn the basics, try it out, gain experience from your knowledge. Then again gain knowledge from your experience, and the cycle of knowledge and experience should go on. So in order to gain experience, it is better to start low and target the higher one as you move forward.
This will increase your skills and you will be in less losses if you mess up. Then you can start again. Also invest only what you can afford to lose. That will keep your emotions in check. Follow these basic rules and you will be a better investor in no time. It's all just following the simple rules and stick to it.

While you are right about the fact that you're susceptible to getting screwed over when you ask other people for advice. It's pretty obvious too, like, in a sea of people telling you to diversify your portfolio among bitcoin, litecoin, or whatever the fuck is the hottest cryptocurrency today, and then all of a sudden you see one guy recommending shitcoin5000 which is a "booming project with 400X profit potential" I mean at that point it's pretty obvious that it's a blatant scam yeah?

so while I still advocate for acquiring knowledge first before investing in bitcoin, it doesn't hurt to ask for people's advices too, it's all a matter of finding which people to trust and which ones to avoid, and with the merit system in this forum being a good indicator of this, you can't go wrong!

Many people who asked investment questions on this forum are not stupid, some had the ideas in them and even the answer but just want other people to support, correct, and advise them more on what to do. I'm not disputing the fact that some scammers might be on the lookout to lure naïve people.

Lots of things which it would be able to altered out your initial plans and targets on which you cant really be that able to sure that you would be able to stick into your plans solidly on which it would really be that
just normal that there might be some possible alterations of those  decisions you had made earlier just because your mind tells you that those idea's are really that considerable and a good one.

It would really be just that recommended that if ever you would really be making out some investment then it would really be just right on having that proper knowledge on which on the time that you do dive
in then it would really be that suggested on having that proper knowledge. You cant really just engage without having these kind of things because you would definitely lose money instead.

You would be basically be doing gambling in the first place if you wont really be applying any analysis on whatever investment decisions you would be making.

When someone invests, of course he must have in-depth knowledge of the investments he is making. Now in this forum there are lots of topics that are very useful for digging deeper into what Bitcoin is and how to invest properly and even in what ways are appropriate to apply in our investment patterns. Indeed, everyone needs to learn and I myself always follow the existing developments related to Bitcoin from our seniors in this forum. Nothing is impossible if we really want to understand the right steps in investing. Actually everyone will support the decision you will take and that is a form of harmony that can lead to a confidence for us to invest in Bitcoin.

Like a beginner or he really doesn't know how to invest properly maybe the knowledge that I can transfer is investing with the DCA strategy where you can accumulate Bitcoin gradually be it every week or every 10 days and it all depends on the strategy you make.

If you set your purpose to invest and reap maximum profits, then being highly known is certainly a must so you will know how to reduce the risk of losing your investment, and the risk of losing your capital. However, that is just the beginning, with knowledge you should start developing your own knowledge and strategies, and mastery of them will always depend based on your various experiences. If you do them consistently and with a right attitude, bitcoin investment will never end as failure but a big success.

Do you think that asking that kind of question is a bad idea? This is ridiculous because you think the person asking the question might not be knowledgeable enough to different between someone giving there own opinion and a scammer tying to lure him?
You should not see things from that perspective because asking questions about something you might not have clear idea about is good than good to use search engines where you can see fake ads claiming to be of help to you and if one is not smart enough, things might go wrong.

 You are never correct in you opinion and I would want you to think scrupulously before coming here to write things that are not ethically correct. Using search engines can even be misleading and attempting.

Obtaining Knowledge is always a must. That’s the reason if you don’t have prior knowledge before investing, then it’s better to just stop investing because you will never be in profits in the end. However, relying from other people’s advices or ideas may not be good since instead of making you profit, you might only end up being lured and fall easily to their scammer’s trap.

In this case, knowledge becomes the basic provision for someone who will explore Bitcoin. It takes knowledge to invest in Bitcoin, not just a dream to earn a lot of money. but also a lot of effort for it. Being knowledgeable can make someone invest wiser, more carefully, and precisely with smart decisions. Armed with this knowledge, at least we can analyze market trends, market timing, and various Bitcoin market situations. So that we can better understand when to buy and when to hold and sell.

It is very good that one acquires knowledge and information before venturing into the business they desire otherwise the same speed they use in entering that business is the same speed they would make heavy loss and times two of that speed they use in running out of the business too.So if you would need to be on the safe side, one would make out time to study and get knowledge of what they are investing in.

I have realized that sometimes investors do not just go into investing in a business they have no knowledge about. They are most times deceived to doing that just because they have cash and are desperate to invest without conducting due diligence on the business. Maybe they trust the business because it was introduced to them by their allies and at the entire end they end up falling for scam because they trusted the source through which they got the business link from.

knowledge is number one which of course must be prioritized, not even just investing in bitcoin but in all the jobs we want to go for, of course, knowledge must be prioritized because without extensive knowledge of course the business will have the potential for greater losses.

what you said is true op that indeed for people who are going to invest in btc knowledge must be prioritized first so that the investment is carried out as expected.

Before investing in cryptocurrencies, it is important for an investor to acquire investment knowledge. It is mandatory for an investor to know where to invest, where investor will be able to avoid related risk, and which Investing sectors is more risky. Otherwise his investment may fail. There are some investors who think their job is done just by investing but that should not be the attitude when it comes to investing in Bitcoin.
Before investing in Bitcoin

Of course it is important for a person to acquire technological knowledge. In particular, it is important to know how Bitcoin is operated and how it is stored. If a person does not acquire the necessary knowledge before investing in Bitcoin, he is in danger of losing a large amount of assets. Some investors focus only based on the profit of Bitcoin but they do not give more importance the fact that there is also a high possibility of loss. Therefore, before investing in Bitcoin, you must know all its aspects with utmost importance.

yes, I agree with what you said, because it is true that investing in BTC without knowledge is, of course, very dangerous because it can potentially cause huge losses. and also in investing in btc, we must continue to be diligent in reading and watching the news so that our insights continue to increase because after all, investing in btc must add insight continuously, don't stop. I think the topic that the op made is very good and I hope it will be of use to us and all.

Many investors has been deceive into investing in scams either by direct means of trying to scam them or those introducing the business to them didn't know it was a scam business and they also got scammed which is why we shouldn't be believing everything we see on the internet. There's a lot of scam than real project and that's because scams are easier to sell to individuals as they get interested when you let them know they can make a fortune by small capitals.

It doesn't matter who's coming to give you the information, unless it's your financial advisor that would had done several findings to make sure that's the better investment decision for you still don't trust them hundred percent because they're humans and can make mistakes.

so many offers, and those who offer of course with sweet words, to attract investors. it is common around us. therefore those of us who are going to invest must have knowledge in advance, at least we can find out first and don't make a deal before having knowledge about what we are going to invest. risk is the main concern, which is rarely mentioned by those who invite investment, so we ourselves must be self-aware. even though we have done all that, sometimes we make mistakes, and that is something that naturally happens as human beings

I couldn't help but imagine how the op of that thread you me mentioned must have been busy receiving and replying  to messages from scammers who will present some very sweet proves and very irresistible offers as well as documents to back them up as fully government registered.
I couldn't agreeess that knowledge  is key and paramount  to whatever we do in life but I think having the knowledge  without money to invest is a waste in this crypto industry as such a person is prone to missing out all that bitcoin  and cryptocurrency has to offer at a given point in time.
I would prefer that before one begins seeking crypto knowledge,  he should have enough money available  to invest so as not to miss out from all that he must have learnt.

To invest of course, we must first know how to invest so as not to be wrong in choosing the coin we want to hold, and don't easily trust someone we have to browse several sites to see news about investing in the crypto world, and there are also as you said some scamers do want to trap us in ShitCoin but we must be careful so that all the assets we have are not in vain, So before we walk to invest then there must be some knowledge that we must know.

The business version is the hardest one to figure out by a lot of people. I understand that it is not an easy thing to do but the reality is that if you are going to end up with something that hurts you overall, then you are going to be responsible for the risk you are taking as well. We are not going to end up with something cool in the end, and I know that it is not going to be something that pushes you forward all that much neither.

I believe that we need to reach to a point where it is going to end up with a good result and that should be a bit more important. I feel like the best thing to do here would be not investing into any "ideas" you see online, just see what they have done, not what they promise, that's a better indicator.

You get smarter by learning, I know about crypto myself and I took the step of wanting to know more and more and it leads to my liking of Bitcoin, no one teach me a thing about Bitcoin, I spent time online doing some other things like ads and click to pay and then I finally found Bitcoin, that's it.

If you are lacking you don't need to find or hope to find someone who will teach you anything, do your own research and you will understand so many things, in this life knowledge holds the key to everything, if seeking for knowledge is your main target I doubt someone like you will ever lack.

Through the learning process there will be some challenges like you feeling like giving up, or losing even some money but that's the price we pay to obtain knowledge, it's just the way it is, nothing in this life comes for free.

Being knowledgeable before investing in anything is excellent because knowledge is power before someone ventures into any business, you are advised to go for what we call a market survey, this will help you to be conversant with the product, its price, and the profit that you may get, after-sales are been made.  This applies to Bitcoin investment, you are supposed to know what you want to invest in, how the system works, and the transparency of the transactions in it before you invest.

Bitcoin is very complex, and that is why you have to be very smart and technically inclined before you involve yourself fully, make your research before you do btc, and don't rely on people's advice alone if such even exists, with the little knowledge I got, a good financial advisor will only outline the risk and possible benefits attached to bitcoin but won't force you to invest, they will allow you to take your decision and be the risk bearer so that you won't blame anybody when it flops in future.

Come to think of it, I don't think this guy that mentioned figures wants to invest, he seems to me like an unserious person, maybe he has an ulterior motive, which we wouldn't know, let's be careful, that's my take on this.

That's actually should be the common thing to do especially if you're gonna put your money at stake. You couldn't just rely on someone else's advice or calls because in the end you can't blame them for trusting them in any outcome. Even what you called pro or expert they can still have a bad call causing you to lose a huge amount of money. Before entering some investment, always invest at yourself first. With the knowledge that you could gather online or do your own research you could be knowledgeable enough to do your own decision.

There is no bad in someone telling you about a business proposal or business plan but it is very bad that you do not conduct your own due diligence after you have been approached by them to invest in their business. You doing your own research would expose you to many facts you know not about such business and if the business is real or fake and the possibility of the business sustaining for a long period of time.
This is where some investors make the mistake. They fail to do their own research which should be their number one priority when ever such proposals come to their table. No human is perfect and as such, enough reasons one should carry out a personal research or if you can not do that as a result of engagement, you can contact a private team to conduct the due diligence on that proposal's independent of the initial.

Actually you don't need to become a professional level in terms of knowing the bitcoin itself because if you really will want to learn even in the smallest steps and knowledge you can now get an idea how this it works and what are possible way to use the bitcoin more effectively.
I started before with only a 20$ learn more ways to earn with the bitcoin use those knowledge not all the time it succeed but at the end of the day I learned something so serve as a lesson to prevent and as preparation when it comes again and to over come.

There's no easy money in the world, it's just luck people get rich instantly in the crypto if you made a mistake you lose your asset if not possible you can gain a large amount of profit.

We should only refer to the investment invitations, choose a project with clear transparency, do not invest all of your capital in one project. The advice comes from the referrer's greed for profit

Having knowledge is one of the best ways to gain power. We can listen to the advice of others, but we must be careful when applying them.

Some people may seem knowledgeable. When we listen to these people, we can feel we are doing the right thing. We must always be vigilant. This keeps us from making mistakes. We need to be even more careful, especially when it comes to investment.

With the increase in the use of social media, our access to information has become easier. At the same time, the number of misinformation has increased. It has become a normal behavior for everyone to act as if they have knowledge about everything. If we are not careful in choosing them and the source from which we get the information is not a good source then we may have problems. So we need to learn where to get the information.

it is a perfect advise mate to not giving anything instead let them learn first before investing any amount as knowledge must be needed .
let us not be like others that keeps telling this and that? but the truth is what do they care because it is not their money, so why they need to feel importance to your own money.

Definitely, It is a good narration and has sound facts to make you a knowledgeable trader before doing your tasks. It is pretty good for a person to do detailed preparation before investing in Bitcoins or other altcoins. It’s just like the game you are playing. Whenever you get prepared for a while for any type of business or trade, it means you are mentally fully aware of the profit and loss, or win or lose, to that. So, your patience and dedication might be needed here to prove yourself as a market manager.

Its quite normal for everyone who wants to be successful to actually know what he is trying his money into but the case with bitcoin investment I think is very common because most people that actually invested are folks that were told about the benefits of bitcoin and then choose to invest out of the fact that their  minds have already been set out to the fact that when you invest you will surely have profits which is bad because every investor should know how and where the money comes.

I mean it is the minimum requirement for sure to have the knowledge and make sure that you know what you're doing before even starting to invest in Bitcoin. You should look at the green flags for sure if you think that you already have the knowledge and know what you're doing already and you already have the money to invest in it for sure it is already a good time for you to invest in Bitcoin. But it would still depend on your situation, you could still buy Bitcoin at any moment you wanted but it is just riskier compared to when you're prepared for it, also it is always better to learn from others' mistakes compared if you're going to learning from your own mistakes since there is a possibility that you could lose some money on that.

Also just make sure if you really want to invest in Bitcoin just avoid putting your money on someone, for example, if you're going to just put your money into someone like your friend make let them invest your money its better to not invest if you didn't have time to invest for yourself. I know a lot of people who get scammed and lose a lot of money because they trusted someone to invest for them.

Well, investing in Bitcoin is not far different from any other form of investment. Regardless if it was Bitcoin or not, we still think about earning a profit as our main goal and we can't get 100% assurance from any of them but we can make it possible as long as we know what we have to do - and this is how important to have knowledge before doing anything. We can say that it was a pre-requisite in any form or investment and we must if we aim for success otherwise, never expect it anymore.

Actually, there are two ways you can do it to start investing, the first is to study it first and then invest, and the second is to learn it while starting an investment. And of course these two methods can be done by everyone and these two methods have their respective advantages and disadvantages.

1. Study first and then invest.
The advantages; by studying it first, it will make it easier for you to start investing because you already understand the risks and opportunities in investing so you can avoid mistakes or risks, and by studying investing before you start, with that you will easily know your purpose for investing, whether it's for old age security, to increase your income or something else.
The downside; sometimes what we learn is different from what happens in the field.

2. Study it while starting the investment.
The advantages; with us going straight into the world of investment while studying it this will give you direct experience that can help you to better understand how this investment works and you can evaluate directly the investments you are making and you can find out how the market is developing because you are investing actively.
The downside; with us starting an investment with insufficient knowledge this can cause a risk to the investment you are making, so consult often with people who understand it better and don't forget to keep abreast of market developments.

Now for myself I use the second method or what is often called learning while practicing. The reason is because I'm almost old, so if I have to understand it first before starting an investment I think it's too long whereas I'm almost old I'm afraid I won't be in a hurry to invest and I'm afraid my remaining money won't be utilized as much as possible. So why didn't I learn while investing, and maybe this is my regret why I didn't learn about investing since I was young.

I think investing in Bitcoin is different from other forms of investing because bitcoin is a high risk investment and the market is unstable. The profit you get from investing in Bitcoin is high and worth the risk of trusting Bitcoin. You need knowledge on this things to profit from Bitcoin.

Investing in Bitcoin comes with so many challenges, you have to protect your investment from scammers targeting Bitcoin investors and having patience with the market as when you follow its movement you'll think you can't make profits because of the frequent movement of price.

If you don't have any knowledge on bitcoin, don't bother investing as you will be vulnerable to scammers. Scammers target newbies that aren't well experience in the industry because they know they can trick them to steal their investments from their cryptocurency wallets.

I think it is still the same.  The basic knowledge we need about investment plays an important part.  Those who do not understand Bitcoin may say that Bitcoin is a high risk investment but if we happen to know the Bitcoin market pattern, Bitcoin is a sure profit investment.  We only need patience and wait for the price to surge or for the cycle to reach the peak market price and sell then wait for the bottom to buy.  We all know that  Bitcoin market history had proven these events.

Basic understanding about bitcoin, its market, the growth pattern, time required for the growth, how market manipulation takes place, what is the time period required to profit everything need to be known in a wider perspective. Through this only the person himself can stay calm amidst the unexpected market movements happening around. When we don't have the real understanding automatically the people who had come with big expectation will find it wrong and the same gets conveyed through them. This shouldn't happen.

Not only just that limited when it comes to Bitcoin or cryptocurrencies but also in other things as well or does involved on investing because having no knowledge or preparation on things that must learn will really

lead you into lots of errors and mistakes because of being unprepared or you arent that aware on what are the things that should supposed to be learned first. This is why it would really be that knowledgeable before diving into something would be always ideal or something that would be putting you at advantage. Although there are things which could only be learnt with via real experience but of course having
preparations would be always recommendable unlike into those people who do make out direct investment without doing any research or preparation.

On every investment decision you would make then it is really just that right that you should have that self study on what are the things that would be relevant to learn.
It might not give out assurance on success but rather it would be lessening up the risks.