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

[drew314]

I agree with you but they can still learn about bitcoin to understand what bitcoin really is. They can ask someone who have knowledge about bitcoin or browse the internet. After that if he have knowledge about bitcoin he can invest to bitcoins or any other cryptocurrencies.

[arthur25]

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.

You have point. The way of investing is not to the point putting all the property in it. Wise way of investing is move forward or go backward. Go forward to gain. Go backward not to defeat but rather just playing safe.

[stellgod]

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 agree. If you spend money investing in something you have to know at least the basics of this instrument. Bitcoin investment need knowledge about blockchain, decentralisation, wallets and safety requirements. I do not agree saying do not invest in bitcoin if you do not know anything about it, instead I would say do research on bitcoin if you plan investing in it.

This is not about bitcoins only. I suppose everything on this planet earth needs some prior knowledge for taking a start with it. If you don’t know something about it, how can you be utilizing its resources and taking out the advantages and profits. Don’t be greedy in bitcoins, learn first, and get some basic knowledge that you would be able to cater the problems, then practice.

[lienfaye]

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 agree. If you spend money investing in something you have to know at least the basics of this instrument. Bitcoin investment need knowledge about blockchain, decentralisation, wallets and safety requirements. I do not agree saying do not invest in bitcoin if you do not know anything about it, instead I would say do research on bitcoin if you plan investing in it.

This is not about bitcoins only. I suppose everything on this planet earth needs some prior knowledge for taking a start with it. If you don’t know something about it, how can you be utilizing its resources and taking out the advantages and profits. Don’t be greedy in bitcoins, learn first, and get some basic knowledge that you would be able to cater the problems, then practice.

Thats true we should atleast know the basics, give time and exert effort first to understand how bitcoin works before taking the risk of investing. There are things to consider before you take the plunge and its important to know that. If every investors are knowledgeable in this matter, we can avoid some mistakes that empty-headed usually commit like investing the money they cant afford to lose.

[Joyceshiroor]

The increased number of investor of bitcoin after the price boom sure is staggering and wonderful, but if we come to think of it, a number of them have not educated themselves about all sides of the bitcoin and some even have no idea, they just wanted to invest because it has a high value. Never invest if you dont have enough knowledge.

[Digital_Lord]

I agree, no need to invest if we do not understand about it, and if I have to invest, of course I have to learn more from friends who have experience about this investment

This rule is totally independent of bitcoins. Not only with bitcoins, but every other investment thing you would be implementing such rule for better results. And if this rule is being ignored, believe me the results would be so distractive and disturbed. The reason is simple, if you don’t know what to do with one thing then how can you manage to go over it and earn something out of it.

[mikaeltomcruz12]

Of course not everyone knows that. Try to know every thing first about the investment before you invest if its worthy to invest and especially if this is not a scam.

[mitchel_am]

I agree with the fact that you should do some research before you get into bitcoin. Don't just invest because your friends did. Read and learn before

[cizatext]

The first thing any potential investor should do is to carry out research on the project you want to invest in, and the best thing to do before buying your first bitcoin is to read about bitcoin in other to understand how the market work's in other to be able to analyse current happening and events in bitcoin and the cryptocurrencies world.

[DoublerHunter]

This is what the newbie should think before they put any money in bitcoin because most of them are just getting hyped by the people who are earning in bitcoin and they are just getting into it because they also want to earn but when they loss a lot of money because of the volatility, they argue about it and blame it to bitcoin and call it as a scam while it is their own fault.

[kuncimobil]

really, investing in bitcoin must have a risk and if we want to invest we should learn about bitcoin first, what are the risks and what are the benefits, because if we do not have knowledge about it then we will easily lose all our money

[sportroma2805]

Лyчшe пocoвeтoвaтьcя c людьми кoтopыe в этoм пoнимaют и тoгдa peшaть инвecтиpoвaть или нeт в биткoин

[Altf4]

The first thing any potential investor should do is to carry out research on the project you want to invest in, and the best thing to do before buying your first bitcoin is to read about bitcoin in other to understand how the market work's in other to be able to analyse current happening and events in bitcoin and the cryptocurrencies world.

In joining investment be familiar of what you are investing ,gather more information on how to grow your investment you are in.If your are not familiar with bitcoin just hold your money before investing for bitcoin,so be familiar with bitcoin and thats the time you invest money and grow.

[cloudbleron18]

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,its true!dont go to a point that you really dont know because knowing something that you wanted to do is very important to a one person especially it is all about business and you wanted to invest for it.know it first,inquire everything what you need to do and dont put all your money or anything that can invest.it is not wrong to try but be wise also.

[eolitic]

i agree with the main post in this thread. nowadays everybody talks and knows about bitcoin, not all of them knows that there is more crypto currencies out there)) and more and more people are buying bitcoins, but they don't have even a clue how it all works. people, you should at least learn something before putting all your money somewhere))

[icol333]

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.

Actually, nowadays there are so many crypto projects that aiming for our daily tasks. Whether it from horticulture until education and everyone from that elements can invest in them.
A simple mindset about DWYOR is always to be kept. Asking the experts is also not a bad idea. That can help us to expand our reference to bitcoin and other alts as well.

[davenjulio]

Most of us entered in bitcoin or cryptoworld without knowing the meaning of tech behind bitcoin which is blockchain. But as time goes by they will going to learn this market maybe not 100% but good enough to understand the risk of putting money in bitcoin. Whether you called it a gamble or investing taking the first step for me is a healthy decision it depends on how you will going to manage the outcome.

[fuer44]

knowledge of the bitcoin market is very important before actually starting investing or trading. you can go bankrupt if you do not know the state of the bitcoin market. before the popular bitcoin, there used to be forex trading. at first glance looks easy, because we only buy money when the dollar rate down and sell it when the dollar exchange rate rises. but it turns out that forex trading is difficult if not know the state of the forex market.

[jugi_official]

Thank you for the information.
what is your advice to us who are still newbies about digital money?
and do you think about vip.bitcoin.co.id especially in Indonesia?
is it trustworthy as a tempo to invest?
thank you, please help him.
regards

[Pan Troglodytes]

There was another thread about an old couple who was tricked into buying "a bitoin" - it was shiny piece of worthless plastic coin. The seller told them that it is "a bitcoin" and they believed him. This story is very symbolic and strikingly similar to Cortez and his people selling shiny glass pieces to natives in South America for gold. In both cases, the victims were uneducated and the well educated took advantage of their naivety.