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

[Jiddyyy]

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 correct. Do not trust anyone especially those site about online business of you didn't consult it, without knowing how it works, without knowing the rules because those wrong decision can make your life miserable. It is funny but its true, miserable in terms of if you invested a larger money and you don't know how to get your income then it will makes you miserable.

[1715489094]

1715489094

[DannyHamiltom]

Yes, the currency in the world now is very hot, many people do not understand the currency also started to participate, they believe that the currency is cash cow, can bring wealth to them
They don't think investing in bitcoin is risky.
When disaster strikes, they panic, panic, and rush to sell their bitcoins.

[mrcash02]

I don't see any problem on it. Bitcoin is an investment for any kind of people, not only the technical ones. Since people just buy Bitcoins and store it safely it's not gambling. Gambling would be if they start investing their Bitcoins in Ponzi HYIP schemes like crazy, or converting their Bitcoins into AltCoins without thinking twice. It's not because someone is a farmer, oldman, housewife that they will act insanely.

[jrrsparkles]

I don't think knowledge about blockchain is important if we want to invest on bitcoin,and blockca=hain is not doing any thing with the price of it.Only thing we need to understand before buying bitcoin is the price is not stable it may bump or dump so make sure that your investment amount is affordable to lose for you.

[baricuri]

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 if people do not know anything about market analysis, predict the trend. They bought the bitcoin and got lucky, waiting for bitcoin to rise. This seems a bit strange. I think if you do not know bitcoin then do not take the money to buy bitcoin to make a profit. Making money is totally difficult. Not as simple as you think.

[neite99]

as far as I can see in the bullish period there were so many investors that didn`t have a simple idea what btc is and due to their investment I guess the bubble popped and we are back in 8k

[Godric-Gryffindor]

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.

Indeed, and in actuality I teach the same in my family, especially to my brother who is I like to prefer to call bitcoin gambler, as some of his entry trades are too questionable, I sometimes think maybe I greatly depends on the technicalities of trading, so much that I forgot it is really not my problem, but I think, we have to share them the right information, and as George MacDonald says and quote, To give truth to him who loves it not is to only give him more multiplied reasons for misinterpretation, end or quote,

[Hasbro27]

I think bitcoin is not the same as gambling. bitcoin is a new type of investment that can provide benefits. I think all investments must have risks, the higher the risk the higher the profit, no investment that has no risk.

[Hasbro27]

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.

it is better if the investment must be studied first, so we already know what the benefits and risks. and do not invest all the money, just partially, I think 30% of savings is the biggest number to invest, if it fails in investment then we still have money.

[0t3p0t]

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.

Yeah but if it is my case I will still try to invest what I can afford to lose. Even though we don't have enough knowledge on something we can still invest on it but is risky and I know that consequences might hurt me that hard if something will happen wherein I have no idea how I have to handle it. But the thing is having a complete information about an investment makes us even more confident and aware of any possible occurrences most especially in cryptocurrency business. The essence of having Bitcoin as a virtual currency is gone because of playing it on the market not or instead as a form of payment but a total money making business these days.

[Jenn09]

Yeah right I see your point and I can say that im on the mid of gambling but it is worth it if btc price goes up. It is correct that you need to make sure that all the money that you invest is worth it and your not going to regret it someday becuase if that time happens theirs no turning back.

[ghost424]

That is a fact because Bitcoin needs to be something that you are interested into. If you are interested in investing on bitcoin, you first learn about how it works and what is the technology behind it. Blockchain technology is revolutionizing which is being adopted to a lot of platforms today and their programs can help our future. Bitcoin is part of cryptocurrency along with this other tokens that has monetary value. Learning will be easy if you are interested but as long as you are here for the money, then all of what you are doing is useless because there will be times that you need to be knowledgeable about this kind of topics.

[Bes19]

Yeah i agree with you. Bitcoin and the whole crypto is complicated so people needs enough knowledge before trying. Some were asking me how to join in bitcoin and i always tell them that it is not easy. They need to read articles and blogs about it also videos can help too.

[Reesefrias]

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.

Well, to be honest I agree with this one. Everyone has already a minsdet that if they had 1 bitcoin they can earn more than they earning monthly, to be honest bitcoin's madness has already been escalated worldwide and they had this impression of investing to bitcoin is much safer and fast without knowing the real background how really bitcoin works, that's the bad side of investing to bitcoin without knowing the true power of it. No one can predict if bitcoin will raise high or low, it will always depends on time. Just be xtra careful when investing to any other alt coins or cryptocurrencies. Think before you invest.

[9emb3lelit3]

yes very true, but if we have the intention to learn there will be results. investing is not easy, we should often see market prices rise or fall and we also have a lot to ask, or read to be able to understand how to invest in this bitcoin. essentially we should be patient to refrain from investing in this bitcoin.

[mOgliE]

Hi

Actually... Bitcoin is not particularly risky. It is particularly badly understood and umproperly used but...

It is quite easy to make money through bitcoin: wait. Hold and wait. Wait and hold and wait again.
In the end, chances are high that you made a profit.

Though, it is not 100% sure. That's right.

And just like with any other game or trading platform, you should only bet what you can afford to lose. We are not on TV and Harvey Specter is not going to give you a hand if you lose your company, your assets and your house. But this is not linked to bitcoin, just to human stupidity.  

[princesspoppy]

Yes most people investing in bitcoin only invest just because it boomed just like last year's, but most of them really don't know anything about it. They don't even know the risks that might happen to their money. They think that investing in bitcoin can only give them profit where they don't know that it can also lead to lose which may happen anytime as bitcoin price dumps. They don't know about that risk, and if it happen (they experience lose), they'll blame everything to bitcoin and spread negative/fake news about it but the truth is that they should blame themselves by not educating themselves about risks and lose they might face in investing in bitcoin.

[ohlawdy]

I agree with what you are saying, but you can't really stop them .
They see a quick way to get ''rich'' and invest all they have in it.
Basically everyone who invested in bitconnect belongs in that group , with any decent research you would have seen it was a scam.

[Chederella26]

I agree with you, when you have know nothing or not know enough in investing in bitcoin do not put much money in it because there are so many risk to consider in investing and if you know nothing you can loose your money. There are some people that want to invest immediately in bitcoin because of its high value and want to get profit from it immediately but does not know much about it,  they have more chance to loose their money.

[Dudeperfect]

Absolutely agree with OP's statement because Bitcoin and cryptocurrency market is completely wild in nature and hence it is not less than a gamble if someone is pouring his capital without doing any research for the investment. I know the people crazily investing in Bitcoin just because the price was climbing and now they are crying because investing at a wrong time. It is always recommended to invest maximum time before making any monetary investment.