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Author Topic: Do not invest in bitcoin if you don't know anything about it  (Read 2464 times)
yana0901
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February 14, 2018, 10:34:45 AM
 #221

Well, right to begin with, you need to find a knowledgeable leader, and then already napinat earn on bitcoins
slashz9
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February 14, 2018, 10:50:16 AM
 #222

I think all things will be risky if you do not know it, so I think your statement is a bit wrong.
but I also agree with your opinion do not invest everything into crypto or invest in money you can afford to lose.
so I think invest wisely. Smiley
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February 14, 2018, 11:41:48 AM
 #223

It is good to know were you are putting in your funds that is why research is needful in other to reduce panic when there is a dip, knowing what you have invested in will help you understand the ups and down in the market.


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spiritguardcharles
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February 14, 2018, 12:05:12 PM
 #224

I agree with you,many people are just investing for the sake of earning high profit without knowing anything about bitcoin specially on  how it really works and does'nt doing any further research about it.It's really important to investigate first before entering to something risky specially when money is involve.Moreover,if we invest without thinking there's no doubt that we'll end up losing a big amount of money since bitcoin is high volatile currency which mostlikely a problem for those who don't know anything

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anavir
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February 14, 2018, 12:28:37 PM
 #225

exactly...why intering into a business without exact knowledge about it...you want to invest your money in bitcoin..then read,search and be knowledgeable about bitcoin

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Mypanara19
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February 14, 2018, 12:29:01 PM
 #226

I totally agree with this.. Lack of knowledge with bitcoin and investing in it will put you in trouble most especially if you use your fund that are intended for something else or something more important like money for your monthly budget, money for medical expenses, money to pay for the rentals or monthly bills and others. Every investment has a risk so as what every investors say, 'invest what you can afford to lose'..
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February 14, 2018, 12:30:36 PM
 #227


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

Your phrase is not wrong, but i think why people invest in cryptocurrency especially bitcoin because they know very well what they are doing is their own choice and ready with the risk that will happen. Although there are times when they ask for help from the old bitcoin users. I personally even get an order to invest my neighbor's money into my coins (entrusting their money to me), he does not even ask for a convention if my investment is not as expected. But i'm thankful it is always as expected.

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Aaarono
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February 14, 2018, 12:33:46 PM
 #228

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.

Well, you invest in Bitcoin because you heard from somehwere about it. The best way to learn more about it it's to actually own some of it.
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February 14, 2018, 12:41:17 PM
 #229


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
Some people think that investing in bitcoin is just a simple thing that when they start earning it would be as easy as 123. Having enough knowledge about bitcoin is still needed and required so that they can earn easily and safely. Many people already experienced loosing a lot of money because of being careless and to avoid such events, they should atleasy make themselves aware of everything in here.

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February 14, 2018, 12:43:25 PM
 #230

If you don't know much about bitcoin, don't play with it. Although the price of it is "like on the rocket" have skyrocketed, speculative to get rich is indeed a good choice, but who knows the production of COINS, whether the Internet is a great financial test, or a scam?
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February 14, 2018, 01:46:46 PM
 #231

Golden rule is DYOR - Do your own research!
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February 14, 2018, 01:55:21 PM
 #232


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

In my opinion, investing is the first step in knowing about bitcoin, as well as other cryptocurrencies, once you have invested some, then definitly you will see how the market goes and gradually you will be able to make smart desicions. Just remember, you should only invest the amount that you can afford to lose, the cryptoworld is very risky, so chance of losses are very much high.                                                           

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February 14, 2018, 01:58:36 PM
 #233

These things are obvious not only bitcoin whenever we make any investment we need to check it's history the different risks involved and is there even any profit after we are satisfied then only we should invest , with bitcoin the more late we our the more expensive it gets but still we should be aware of what we are investing in
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February 14, 2018, 02:01:51 PM
 #234

I agree with the opinions you give. Probably less knowledgeable about bitcoin should not invest in it. I think they have to have enough knowledge about bitcoin to help them prepare to deal with the risks. I do not want to see the fear and hastily sell all the bitcoins when the price drops despite knowing that it is not conducive to them.
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February 14, 2018, 02:10:24 PM
 #235

Are you sure that you are not a bitcoin investor? So how come you stayed in the forum? People don't bother and waste their time to stay here just to spread those words not to invest in bitcoins. Or if you are an online gamber then why not try to just invest in bitcoin than just gambling? Maybe if you'll try you're gonna change your mind completely.  Grin
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February 14, 2018, 02:18:43 PM
 #236

Of course not. After knowing about the Bitcoin then I will invest in it. If I invest instead of knowing then undoubtedly I am a fool. I am invest in something then it becomes my duty to Know about all the side effects of it. Not only that I also must know weather it will be profitable or not. Everyone wants money. If I just only invest without knowing then it is a loss project then I will suffer. So first know then invest. Bitcoin is a good platform to invest. If someone wants to invest then It will be a good choice.

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February 14, 2018, 02:27:34 PM
 #237

Investing in bitcoin is a good decision but before investing, be sure you have atleast a little knowledge about bitcoin so that you know how to handle situation especially if there's a big crash of bitcoin price.

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February 14, 2018, 02:50:03 PM
 #238

I agree with you. Because many now invest in bitcoins at a sharp rise in price. And there they are losing because it will gradually fall. So you should be timing invest in bitcoins. Should you have the cheap price you buy for the re-price increase you will earn substantially.

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February 14, 2018, 02:54:22 PM
 #239

For now, it is true that bitcoin is a global investment boom, but those who do not understand the cryptocurrency market should not enter the cryptocurrency market at random.
Because the market is so risky, even if there are lots of opportunities to make money, there are many opportunities to lose money.

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February 14, 2018, 03:10:25 PM
 #240


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
It may not be a gamble since you have sufficient money to control the price of altcoins.
But if you have not that much money, of course, do more research about bitcoins or other altcoins.
Most of the investor as you said just want to make quick money from these projects.
And that is why bitcoin goes crazy.

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