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Author Topic: Do not invest in bitcoin if you don't know anything about it  (Read 2141 times)
andrei214
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March 08, 2018, 12:17:04 PM
 #441


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
Maybe, we cant blame them for investing without proper knowledge about bitcoin because they just seen a big potential or profit with bitcoins.We just needed to do is, give them informations and dont let them assume that investing in it will be good forever.Let them also know the disadvantages of it so that they will have a  concrete decisions and as for them not to be shocked whenever there will be a problem.

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March 08, 2018, 01:59:35 PM
 #442

Yes, don't invest if you don't know anything about Bitcoin or even in other cryptocurrency. You need to know all the information about Bitcoin or about your prospect investment before investing and invest your money because if you don't do this you might fail and lost your money without knowing what happen to it or how it happen. It is a must to have a research and study first before entering to any investment.

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March 08, 2018, 02:09:19 PM
 #443

It's true that you do not invest, especially if your knowledge of crytocurrency is not enough, to risky to invest especially big money depends on it and you've worked hard to earn money, you may lose your investment so you should know what you are entering. study more before investing in bitcoin.

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March 08, 2018, 02:19:32 PM
 #444

I totally agree with your opinion. I have many friends who invest in this market without knowledge about trade, ICOs, blockchain. Many my friends borrow money, bank loans to invest in MLM coins such as hextracoin, bitconnect and now they are suffering because of the loss of money.

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March 08, 2018, 07:56:03 PM
 #445

It's true that you do not invest, especially if your knowledge of crytocurrency is not enough, to risky to invest especially big money depends on it and you've worked hard to earn money, you may lose your investment so you should know what you are entering. study more before investing in bitcoin.
Any business and online investment are risky so without knowing it is not good to invest. Now it is the duty of those who are the owners of bitcoin. To arrange seminars about bitcoin. And launch social media campaign. That more people are learn about bitcoin. As there are many groups in social media. People can learn about bitcoin. Knowledge and learning about bitcoin is the most important thing.
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March 08, 2018, 08:29:35 PM
 #446


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 is gamble only if you don't know what are you doing.
For me, it's more like a good investment.
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March 08, 2018, 08:58:26 PM
 #447

Many people already know that it is bitcoin, and it is the most reliable cryptocurrency to invest, for its security and profitability. However, gradually invest in this cryptocurrency.

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March 08, 2018, 09:20:20 PM
 #448

Yes, of course, Before taking the step to invest, it's good we sit for a moment to evaluate the current financial condition. Know what our financial goals are and how much we tolerate risk, as well as the relevance of these factors to the current economic conditions.

As a basic example, know first the bitcoin world and Cryptocurrency. It is important to know and fully understand the knowledge of the bitcoin and Cryptocurrency itself. Always put it in our minds that, never invest money in something you do not understand and recognize.

Many of us are always expecting things instantly without doing things as learning first, and that's the biggest reason why so many massive investment fraud cases are reported.

Leave the habit it right now, because something big must require complex processes.

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March 08, 2018, 09:32:20 PM
 #449

Hello author! You know all life is something like game! Sometime even successful businessmen and traders lose everything and after this learn their mistakes make analyze and starting new great business. Even Trump was bankrupt but now all is fine! I am sure you was born not with the knowledge how to be trader analytic. All we living by the principle of lifelong self-education.

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March 08, 2018, 11:28:33 PM
 #450

I agree with him if you know nothing about bitcoin do not invest in it otherwise you will be in loss unless you have extra ordinary luck. You will not understand when to buy when to sale when to hold and you will take wrong decisions which will result in heavy losses.
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March 08, 2018, 11:37:23 PM
 #451

It is sensible to understand were you're fixing your funds that's why analysis is needed in alternative to scale back panic once there's a dip, knowing what you have got endowed in can assist you perceive the ups and down within the market

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March 09, 2018, 12:05:54 AM
 #452

For me its not just bitcoin but because if you want your money to grow then you want to save it or invest it for something then you should know what is your investing at, especially bitcoin which has so many different crypto's thats popping out right now you need to know more about it before entering cryptocurrency.

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March 09, 2018, 12:14:19 AM
 #453

yeahh , I think new people just know buy bitcoin and get rich without knowing the risk , so they bought on top price and complain now when the price going down lol ...
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March 09, 2018, 12:30:08 AM
 #454

That's right. Many people are attacted in different cryptocurrency today, espescially Bitcoin. They were excited about how they earn from it. Although they do not know anything about blockchain technology yet. Do not try to enter an investment if you do not have any knowledge about it. You should know every detail, all important information you need to know about investing in cryptocurrency. And make sure if it is profitable  before investing in it. If you do not want to lose all the money you earn. The price of bitcoin ang other currency varies daily. So you need to monitor it all the time...
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March 09, 2018, 12:53:44 AM
 #455

It's true. Don't risk too much if you don't know what you're risking for. Nowadays, people are forgetting their physical activities for btc. Some people leave formal jobs. Others are already selling their properties to invest in btc. It's good that you're doing your best to earn, but it's important that you know where you invest your money. It's like investing your life there too. Earning money is difficult and it's much difficult if your savings got wasted just because of lack of knowledge in btc.

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March 09, 2018, 01:08:02 AM
 #456

It's true that you do not invest, especially if your knowledge of crytocurrency is not enough, to risky to invest especially big money depends on it and you've worked hard to earn money, you may lose your investment so you should know what you are entering. study more before investing in bitcoin.
Any business and online investment are risky so without knowing it is not good to invest. Now it is the duty of those who are the owners of bitcoin. To arrange seminars about bitcoin. And launch social media campaign. That more people are learn about bitcoin. As there are many groups in social media. People can learn about bitcoin. Knowledge and learning about bitcoin is the most important thing.

If a person invested in any kind of project whether it is crypto currency or other stuffs and He/She is hoping for huge profit on His/Her investment you may call it "Gambling" But if a person invested in any kind of project whether a crypto project or any stuffs and He/She solely believe and fully supporting  that project without thinking of the profit or losses that might come, then you can call it "Investing" and a big thumbs up for those people. Cool
(Based on my own point of view)


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March 09, 2018, 01:20:35 AM
 #457

Yes you are correct, that is common sense. One should not venture into the darkness without a torchlight. You should do your research and acquire a lot of knowledge before investing with bitcoin. It would be a waste of resources if you just blindy invest on something that you have no idea what it is.

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March 09, 2018, 01:53:20 AM
 #458

I think blind investment is wrong. Many people see Bitcoin as valuable. They see that their friends invest in Bitcoin to make money and they also want to follow the investment. But this is wrong.

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March 09, 2018, 01:54:08 AM
 #459

Bitcoin is good investment & risked  but 1st to you should have know about how invest in bitcoin & you have no idea about it so, don't invest.
That's right! It's good to invest in bitcoin, but just like any investment we need to research and take a risk before doing anything else. Bitcoin help us to achieve our financial gaol, but it's risky when you don't no about bitcoin. It's better to make our own research about bitcoin before investing.
I think you should also also the fluctuations in bitcoin market because at this time many users are panicking and doing cutlose just because they see bitcoin prices continue to decline? but that is a natural thing. don't need to panic because it will make other people around you also be panicked. You must understand the fluctuations first, so you will not panic when the downtrend situation as it currently happens

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March 09, 2018, 02:05:02 AM
 #460

 it was not BTC until I watched a documentary and participated in forums for exchanging information about this coin that I decided to invest in it. So it's not hard to understand why this currency can manipulate the entire financial market. I decided to buy bitcoin as a long-term experience and use less than 1% of net worth. at that time to invest. I want to make a lot of money from bitcoin, but more than anyone else I understand that if I lose everything, I do not have to trade my life for it.
And if you have not learned it yet, you should not invest.

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