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Author Topic: Do not invest in bitcoin if you don't know anything about it  (Read 2459 times)
Russlenat
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February 14, 2018, 05:01:48 AM
 #201

For me bitcoin investment is also called as a gambling, you should gamble with your own risk but bitcoin is a potential investment and a sure win if you know how to deal with it, that's why for every bitcoin investor should do a research first before doing anything.

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February 14, 2018, 05:15:31 AM
 #202

Well I think only fool will do investing on things that they really never know or maybe no person would invest without any assurance at all because  investing really need a capital and it really involved a huge amount of money that is why we really need to be sure on it to avoid losses in the near future.
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February 14, 2018, 05:16:13 AM
 #203


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin

I agree to what you said, most of the consumers today are just investing immediately without any knowledge about the situation in the market. Newbies are losing a lot of profit because they panic selling their coins when the market is dumping so always try to look at the situation before investing in order not to lose your profit.

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February 14, 2018, 05:47:28 AM
 #204


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
Many people want to make investment to bitcoin even they don't have enough knowledge about bitcoins. I think it is the reason why many people are experiencing scammed because they don't know what aos the investment that they are doing.
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February 14, 2018, 08:28:59 AM
 #205

I too is guilty of this. I jumped/invested in Bitcoin HYIP without even doing due diligence on it. But I learned my lesson. We need to be certain before investment especially with bitcoin there are a lot of scams there. Bitcoin by nature is highly risky.
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February 14, 2018, 08:39:39 AM
 #206

It still a good time to invest bitcoin in 2018, because the cap of bitcoin is still low , look at the total cap of  financial products , that is about 300,000,000,000,000 dollars.

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February 14, 2018, 08:42:57 AM
 #207


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
yeah i agree with you...dont invest your money if you dont know what is cryptocurrency. Cause cryptocurrency its so difficult if you try to learn it but if you have a basic knowledge of blockchain, it will be easier to learn cryptocurrency. And then you must to know what platform every cryptocurrency.

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February 14, 2018, 08:45:09 AM
 #208


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
Many people want to make investment to bitcoin even they don't have enough knowledge about bitcoins. I think it is the reason why many people are experiencing scammed because they don't know what aos the investment that they are doing.
Lack of knowledge can cause a wrong decision and a loss of capital in everyone of us that's why we need to study first the market before doing any move or enter on it so that you will not regret and avoiding to panic because you know this coin will give you a big profit in the future even it pump or dump.

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February 14, 2018, 08:46:59 AM
 #209

I do not understand people who invest in bitcoin, especially if they doтt understand how it works. Everyone knows that it is more promising to work with innovative blockchain platforms that will bring real benefits. At the moment I'm studying this project - safinus (https://www.safinus.com/) and I consider it very interesting. Do not you think so?
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February 14, 2018, 08:58:27 AM
 #210

For sure this is a serious issue,some person just jump from their kitchen to invest in bitcoin,not knowing anything about what they into,i will always say please try to understand what are going into before investing,do some reach about blockchain and crypto as a whole,this will reduce panic when there is a big dip in the market
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February 14, 2018, 08:59:27 AM
 #211

For sure this is a serious issue,some person just jump from their kitchen to invest in bitcoin,not knowing anything about what they into,i will always say please try to understand what are going into before investing,do some reach about blockchain and crypto as a whole,this will reduce panic when there is a big dip in the market

Some people invest money into bitcoin without knowing anything and they think it will make them rich.



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February 14, 2018, 09:13:57 AM
 #212


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
Most of the people have the tendency to go with the trend. Bitcoin investment might indeed give big profits. However, investors should do research before they put up a big amount of money. The more an investor does the research if he/she is new to cryptocurrency and Being compulsive is not a strategic move in investment. Studying all details of the company you are investing is a must to minimize  risk.  Likewise, an investor must assess his/her risk tolerance because generally, the bigger amount, the higher risk of investment but the higher the potential return.
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February 14, 2018, 09:19:08 AM
 #213

This is true. I myself researched how things work and the background history of Bitcoin. I was reluctant at first but when my sister showed me results, I wasted no time to join and venture bitcoin. At first, it is a bit confusing but once you understand how things work, it will be as easy as reading a book...
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February 14, 2018, 09:25:39 AM
 #214


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
I agree. You should be aware with the consequences of trying out bitcoin without enough knowledge. Your money can be stolen if you will try this out it while you're still clueless. Be careful because there are a lot of scammers and fraud here so being knowledgeable would totally help you get through all the obstacles you may face in here and it can help you find a goof way to earn also.
ingo49
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February 14, 2018, 09:29:39 AM
 #215


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
I agree.
people who don't understand in bitcoin should not invest in it. they just put money because it is a trend now and if the price fall a little bit they start to panic and lose money. people that don't built to this instability of prices should not invest in bitcoin.
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February 14, 2018, 09:30:23 AM
 #216

I think that at least the basics should be known when somebody wants to invest in bitcoin. For example that bitcoin is not backed up by a government or central bank, or that transactions are not reversible. From a technical point of view somebody should be able to handle a transaction. But in general, if somebody wants to put his money in a business that he does not understand, that might be not a very clever decision, but hey, it's a free world.
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February 14, 2018, 09:34:28 AM
 #217


Bitcoin is a global craze. Even farmers, students, the older, housewives ... who are don’t know what is blockchain also buy bitcoin. Because there are so many new investors investing in it in the hope of making a big profit. But actually that is not investing that is gambling.  Roll Eyes
I do not prevent you investing to make money but invest wisely. Especially do not put all the property into bitcoin and cryptocurrency. Hope people do not blindly participate in this gamble. Grin
I agree. Such people are called "Hamsters", they also like to sell their bitcoins to themselves at a loss when the market falls in a panic. It's funny, sad and stupid at the same time. Cheesy

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February 14, 2018, 09:39:06 AM
 #218

In principle there is no human who follows the activity without knowing and knowing what to achieve with the activity, so really about bitcoin, pengemarnya must know how to play and what to achieve from the game, so bitcoin fans dare to invest.
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February 14, 2018, 10:01:06 AM
 #219

Let them buy everything. Someone after being an ignoramus can make money on this. Well, in general, investing in something without knowing it is nothing but the name is stupid.

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February 14, 2018, 10:04:05 AM
 #220

As in the thread, there are lot of people who invest into bitcoin just on the expectation to make a bigger profit. In reality it is good to analyze and know about it and invest. I have known to some extent about bitcoin and if I were unaware I would have never invested into it, other than getting suggestions from a trusted person.

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