Do not invest in bitcoin if you don't know anything about it

[CryptoSmile]

I agree with you even though this time bitcoin is a virtual currency that has a very high asset value but do not let it make us think to spend everything just to make an investment on bitcoin. and I think a very specific study of bitcoin is of course very necessary before starting an investment in bitcoin so that we will not get any losses on investments made blindly to bitcoin.

That is a very wise advice to anybody. Someone who wants to invest money in any type of business especially in bitcoin must learn and know in detail about bitcoin before spending money. It is intended to anticipate what may happen in the future regarding your investment. You may get profit and that is we we expect but also must be able to face investment risk or loss that may incurred. So learn gradually about bitcoin how it operates before investing in this cryptocurrency for your fund security.

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[Umar001]

I totally agree with you, investing in bitcoin without adequate knowledge about bitcoin is like jumping into a big river without know how to swim, one need adequate knowledge about bitcoin before you engage on it.

[Mr.John19]

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.  
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.

Knowledge of the bitcoin is very significant before actually starting investing or trading. If you don’t understand will the result of being lack of knowledge it is losing your money. This is the most important instruction. If you want to be successful, you should have information and hard work.

[ChConcept]

I totally agree with this, do not invest on Bitcoin is you don't know anything about it, you are just setting your self to failure and heartbreak. Generally speaking, we can use this as rule in everything we do. Don't just get swayed with the hype of something, don't be a band wagoner, do something because you know about it and you really want to do it not just because a lot of people are in it. More especially in investment, you have to ensure that you know what you're getting yourself into before putting your hard earned money into it, remember you are securing your future.

[Just John]

This cannot be said enough. Investing in something you don't know anything about is not a good move and you will most likely end up with losses and will not know what to do with yourself when the market dips because you do not understand it.

[bayupermana]

This cannot be said enough. Investing in something you don't know anything about is not a good move and you will most likely end up with losses and will not know what to do with yourself when the market dips because you do not understand it.

Yes, but i think it's more base on luck than skills, they just invest in because they heard about it from friends or relatives but actually they did won in Bitcoin through.
Sometimes , we could consider investing as gambling because they could be totally base on luck . Skills only increases the percents of suceed .

[xraisers]

It a matter of choice. Money has become the main and only reason for geting involved with Bitcoin. I'm not trying to say that there is something wrong with making money but so many people just think how to get rich over night and see Bitcoin as an easy way for that not knowing even the basic information.That is bad for them and bad for Bitcoin.
Remember the reason why Bitcoin was created at the first place. Indeed. Investing is not as easy as what it seems. For us to be successful in this field, we need to learn a lot first. Just because we know a thing or two,  doesn't guarantee us a profit we expect to have. If you are just curious and just want an easy money without exerting effort, then investing in bitcoin is not for you. We should know every aspect of this. The factors of its sudden change. Where and when to exchange/sell. Investing without a proper knowledge of what you are getting into is like giving your money willingly to criminals. We have to know everything that is important in this field. Everything relevant.

[lance04]

Actually it is a good point and should be always remain in the minds of investors and new investors. Knowledge is very critical element that you should learn in order to make appropriate decisions.

[geegaw]

Actually it is a good point and should be always remain in the minds of investors and new investors. Knowledge is very critical element that you should learn in order to make appropriate decisions.

Exactly, knowledge of the field we invest is very important, if we do not have any knowledge, we will just throw money through the window or into the trash then the results we lose money stupid and unnecessary, this is a market, not a game, we should remember that. Although Bitcoin is a good place to invest but it also has risks and around it also has a lot of traps, these are traps belonging to other traders, they are the people who are trying to make money from the lack of knowledge, so if we do not want to fall into the trap, we need to understand bitcoin

[chalbinov]

The amount of people who invest in crypto without knowing a thing about it are few. They are the same who blindly go about the game and either don’t care, or sincerely need guidance. As with investing anything, one should always diversify to be on the safe side. I bet all of us wish we would could the chance to go back and invest as heavily as we could have, giving in to our gut feeling that we all must have had.

[CanErik]

Hi;

Many people are investing without enough information,instead of investing it can be called gambling and we can say that this is the reason for the sudden rise of the price of bitcoin.

Kind regards

[Shubhamjuneja24]

Bitcoin is popular among all over the world now. Thats why maximum ratio of people know about it but few are still not have clear view.  So,  before investing in btc they should study about it.

[kripto para]

Couldn't have said it more clear. You should ALWAYS do your own goddamn research before investing in anything.

[followmenot]

I agree with my whole heart. I keep hearing from people that they wanna invest in bitcoin just to make money. They don't know single thing about cryptocurrencies yet they wanna invest and make profits. Its not cool thing.

[finzyoj]

I agree with my whole heart. I keep hearing from people that they wanna invest in bitcoin just to make money. They don't know single thing about cryptocurrencies yet they wanna invest and make profits. Its not cool thing.

People are more interested in making money nowadays and they do really think that bitcoin will give them an easy passageway for that.  Some people think that they could earn money already just by joining this forum.  They are not interested in what cryptos are,  they just want to know how to earn. It is sad but this is the truth.  People wants to earn money but I am afraid that they don't want to exert effort in order to earn. 

[Pakwan12]

That's  right  you can not invest  in bitcoin if you don't have any knowledge  about it.you Need to research  about it and learn about the bitcoin,so that you can apply  it when you like to invest.

[fipper]

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.  
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.

I think bitcoin is not a gambling investment if the wearer uses it wisely, if we follow the campaign and we get a little benefit from the campaign we do I think it's not an investment with the nature of gambling

[alexn3620]

I think that it is for the protection of such people that there should be regulation and information in the society.

[LuciferEveningStar]

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.  
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.

Yes you are right, bitcoins is only profitable if you know about how the cryptocurrency works but if you will just invest because of the hype then there is no doubt that you will lost most of your profit. The best thing to do is study how the industry works before investing a huge amount.

[Crytptomeniac]

proper and thorough research is one of the core things to do before venturing in crypto. if you know nothing about BTC , there are chances that you will make wrong decisions that might lead to massive losses which would have been avoided by simply getting more information on the coin