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Author Topic: Do not invest in bitcoin if you don't know anything about it  (Read 2464 times)
javadsalehi
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February 17, 2018, 08:35:32 AM
 #281

DO NOT INVEST IN BITCOIN IF YOU KNOW NOTHING ABOUT IT BECAUSE ITS LIKE THROWING YOUR MONEY INTO THE SEA...AND IF YOU MUST INVEST PLEASE DO GET A GOOD IDEA ON IT....

Not a good example. If you throw your money into the sea, you will lose it. But there are many people who don't know anything about bitcoin. But they have become rich. Because they were lucky.
mc.craigsvictor
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February 17, 2018, 08:36:23 AM
 #282

I agree with the opinions you give. Probably less knowledgeable about bitcoin should not invest in it.Before invest your money at first you have to ensure protect your investment . if you dont know anything about investing in bitcoin dont invest your money .Try to read and study about crypto currency .
Ariess
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February 17, 2018, 08:39:41 AM
 #283


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 with what you say, without full knowledge it will be very difficult to make a profit. very unwise if invest without knowledge. this is what should be known by many beginners who want to get involved with bitcoin.
jaylhynne018
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February 17, 2018, 08:43:32 AM
 #284


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 think thats right but if they want to invest in it they only thing to do is knowing bitcoin first before they invest on it.

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February 17, 2018, 08:53:49 AM
 #285

Just like any other business, you need to study or carry out feasibility study before going into any business venture. It would better to spend up to two to three months doing that, before making a step. You can as well decide to learn by practice but invest only the amount that you can afford to loose.

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Powerman001
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February 17, 2018, 09:06:02 AM
 #286

correctly. in investing and entering the world of crypto we must be able to minimize the risk that will happen. in need of patience and calm. as has happened recently when bitcoin correction occurs, for new players in bitcoin will be confused and panicked so they sell their assets even though the selling price is not as high as at the time of purchase. eventually losses are in the can. and always use money that is not for everyday needs. let's invest wisely in bitcoin.
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February 17, 2018, 03:58:47 PM
 #287

Better learn btc first by web google and youtube so it's safety fornus to do btc
Nahl
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February 17, 2018, 05:07:37 PM
 #288

when the price jumping rapidly most people will expect the price hasn't stopped to grow and for those who doesn't know bitcoin then they will thought the price will continue to rise day by day so that's why they're decide to invest at bitcoin because they thought they can increase their investment value rapidly but indeed people should learn too what is bitcoin before investing because rather than investing at property or gold invest at bitcoin is very risky and i do agree the risk is similar just like gamble
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February 17, 2018, 05:16:13 PM
 #289


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 this. At least understand what you are investing in and try and learn. Btc Is better to keep for long term. So invest only what you can afford to lose. If you are interested in trading then learn the basics. You will. Profit as long as you do research and learn

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btcCoincart
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February 17, 2018, 05:18:07 PM
 #290

90% investors invest their money because of greedy, so many people without knowledge want to join this market!
But that's good signal, many people, much more money Smiley
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February 17, 2018, 05:33:02 PM
 #291

I totally agree to the title of the thread. I always remind myself of this quote "Learn before you earn." I study first bitcoin although I know the basic concepts and now invested in it. Now I've came to this forum to even learn more bitcoin.
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February 17, 2018, 05:36:51 PM
 #292

The market is so risky, even if there are lots of opportunities to make money, there are many opportunities to lose money, so, first of all, you need to understand the bitcoin well.
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February 17, 2018, 05:40:37 PM
 #293


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. Investing in bitcoin without any knowledge about it would only lead you to a more possible risk since the market is filled with scammers and fraud. If you are too innocent with the system of bitcoin, you would not benefit on it that much so better be ready before joining and investing here. I've known a lot of people already who ended up disappointed because of being clueless in bitcoin.

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February 17, 2018, 05:48:46 PM
 #294

Yes, it's good words! I'm always getting mad when people around always talking about when to sell or when to buy but don't know how bitcoin works...
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February 20, 2018, 01:49:49 PM
 #295


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 true with this my friend, many new people are investing in bitcoin but they dont whats the meaning of it and they dont know how to use it. They just invest in bitcoin because its now popular and they know a people who get a good profit in bitcoin, and worst they selling their stuff to have money to invest but it is wrong, they dont know that investment is so risky.

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February 22, 2018, 10:57:54 PM
 #296

Anyone can buy their bitcoin as long as they know how to handle it. When investing is bitcoin, one should know when to buy, when to sell and when to hold their bitcoin. Investing will not work if you don't know how it works.
keycellko
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February 22, 2018, 11:49:56 PM
 #297


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

Oh well this does not only apply to bitcoin, generally, if you dont know anything about something don't invest anything into it. Before you invest into bitcoin, read read and read. Its your money, you should know where its going. Some people who invest in bitcoin without researching ends up selling it when it dumps. They never know how it works.
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February 22, 2018, 11:57:32 PM
 #298

If they are just simply buying bitcoins and holding it in a secure wallet and waiting for a price change to cash in then there is no real harm in doing that cause that straight forward trading that many of us grand parents use to do with physical items   .....buying  bitcoins at one price and then selling it for a higher price is no different.....if however you are going to be putting your bitcoins to work in a  venture then that's a whole different kettle of fish and that would require some knowledge of trading ....

kyle999
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February 23, 2018, 12:02:12 AM
 #299

yes, especially when you have no experience from it because you put your money into something you do not know yet.
Bitcoin is legit around the world so it's okay to just hold it and see what I'm doing when you invest from it.
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February 23, 2018, 12:07:42 AM
 #300

I think some of the investors does not even know how to safeguard their bitcoin wallet from hackers and they just invest their money into bitcoin because they heard some news about people becoming millionaire overnight by investing into bitcoin, it would be better to gain more knowledge about bitcoin before investing huge amount of funds into it.

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