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

[s.mahmood]

At present so peoples invest money into bitcoin but most of them do not know what is bitcoin even they have less internet knowledge. Many investors invest money to make high profit but finally they lost their money.I think before invest we should achieve more knowledge about crypto market.

[Dannaey]

We consider buying Bitcoin as a gamble because there is a risk of losing and a chance of winning. Many people believe that if you bought Bitcoin, after a few months you'll become a millionaire. Yes you will but the time is uncertain. And they just bought because of profit, without actually knowing what is really Bitcoin is. When things do not go on what they expected, they will throw negative thoughts about it. Making other people to discourage. That is how new comers think at the beginning.

[mensha]

Yes it is true. Before invest in bitcoin you should have at least some kind of understanding about bitcoin, crypto currency market and it's behavior. Also it is not prefer to make a big investment at once at the beginning. It is better to analyse the market and invest small amount and when you have a better understanding of the market you can increase the investment smoothly. However you should invest at a tolerable risk.

[Kanda Yu]

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. We should be atleast knowledgeable on the things we are doing here so that we can benefit the most from it. I have seen a lot of people already failing due to the fact that their knowledge is not enough for the them to make it through and earn properly. If you are clueless here, you will surely end up with some scammers, frauds and hackers and they are everywhere.

[KrisAlex18]

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.

Bitcoin is a very complex kind of job and it requires proper knowledge in order for you to make money from it without getting into trouble. People nowadays think that bitcoin is just an easy thing to do and when you invest on it, you will earn instantly. That does not work here, patience and great understanding is much needed here so that you may get what you want.

[maianh09]

Do not invest in anything you have not learned about. Do not try to follow the crowd, do not buy any Altcoin that you feel it is more popular. If you want to be the ultimate winner, go back and forth.

[zigfridna]

This advice applies to all good forms of investments like stocks. If someone is not ready to research about these, he should go for bank deposits.

[Indai24]

This advice applies to all good forms of investments like stocks. If someone is not ready to research about these, he should go for bank deposits.

For me why should I invest right away where in I know no knowledge about it. Of course prior doing so I should do further research first, check it's advantages and disadvantages because I don't want to compromised my hard earned money so I should be making sure that all is well.

[developer101dev]

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 are right, most of the people who are losing a huge amount of money from investing on cryptocurrency are reckless, they did not really know how the industry works like block chains but still, they will invest because of the hype in the social media's that everyone is earning their wealth because of bitcoins.

[Kingofcryptos]

True--dont buy bitcoin if you don't know how it works--i have seen people with no knowledge of what it is buying it thinking its like a gold coin which they can preserve---buddy, its just bunch of codes--when i tell them-they get shock of their life!

[Doge dealer]

no one is ever interested in the technology underlying the product all the general public is interested in is knowing that this product really does work and that there are benefits to be derived once you ensure you follow the prescribed rules of investment. the general public normally leaves the underlying complicated stuff to the ones who have gone to school for that and once those persons or organizations gives a green light then the will go for it.for example when Microsoft came out with windows did anyone try to find out or understand what the underlying code was , no they only wanted to t know that it worked and achieved what they wanted it to.

[mabell943]

Yes. Do not invest in bitcoin if your knowledge in cryptocurrency is not enough or limited. You will surely suffer in losses if your knowledge is limited.
Maybe it will be hard for you to overcome that problem because it will runs to your mind the term "losses".

[Genosx]

Yes, it is true because bitcoin is a wide range type of investment and you should learn something before you enter in this type of business since knowledge is very vital in all aspects of life.

[malia tring]

Yes gan it is true, if you do not know anything about bitcoin it would be nice you do not invest in bitcoin because it can all cause harm to you. That's why we have this acronym, Do Your Own Research or just as DYOR. Maybe it will disappear from you if you do not try to research what you will invest. Maybe those people just want to follow the trend and they do not know if we do not what may be bitcoin can cause harm to its users.

[bitbunnny]

And here we come at the begininig.
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.

[Michellekking]

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.

Now many people they don't know the bitcoin, they saw someone in the news because investment bitcoin and become millionaires, and they feel that the bitcoin is a cash cow, as long as the investment will be a lot of benefits, so there are a lot of people out of all his property for bitcoin, they do not think this is a risk. How stupid it is. When they lose their money, they think they should know more about it and then invest it.

[pombur]

Many people don't really know what bitcoin is. And it would be a mistake to think that you would gain an advantage over others. Incorrect understanding or lack of understanding of what bitcoin is and what he's doing, can lead to really dire consequences. People may have a very General idea that bitcoin is such a cryptocurrency, but do not understand the General picture of how its appearance affects monetary theory, as well as ways of storing data or money transfers. If investors do not understand such things and the risks associated with them, eventually a bubble in the bitcoin market can inflate and burst, just as in the XVII century a bubble burst in the Tulip market in the Netherlands. Simply put, at the moment the risks far exceed the possible profit.

[TWW]

hahah...gambling?yeah i should agree with you but some people may denies that...first time i knew bitcoin i also feel that it is kind of investation but after long time research and experience(in trading or etc),i assuming that it more like a gambling than investation...because of bitcoin unpredictable nature it can pop everytime like bubble...but it still easy and quick way to earn money

[Jedzkie050617]

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.

Now many people they don't know the bitcoin, they saw someone in the news because investment bitcoin and become millionaires, and they feel that the bitcoin is a cash cow, as long as the investment will be a lot of benefits, so there are a lot of people out of all his property for bitcoin, they do not think this is a risk. How stupid it is. When they lose their money, they think they should know more about it and then invest it.

True,we all know that investing is risky if your don't know all about it. If you invest make sure that you know everything so that you know when to hold and stop your investment. It talks about money matters so better think  safety first.

[Yarsk]

Most of this newbies investing in bitcoin in recent time do so due to the fact that there is an increase in the price of bitcoin in recent time and people think bitcoin is magic and this are the same category of investors who will shout that bitcoin is a scam when the lose die to they own inability to invest wisely. Carry your own research before going into any investment.