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

[Granxis]

I agree with my whole heart. I keep hearing from people that they wanna invest in bitcoin just to make money. They don't know single thing about cryptocurrencies yet they wanna invest and make profits. Its not cool thing.

I estimate that 50% of all investors are only investing in knowing Bitcoin's name. As a result, people who bought Bitcoin from 19,000 dollars were experiencing 50% loss of money. It is useful to see Bitcoin as a trend, but there is a need for information to invest.

[EmJay]

That is why we have this acronym, Do Your Own Research or simply as DYOR. That would probably the lost of yours if you don't try to research the thing you'll put your investment to. Maybe those people just wanted to follow the trend :/ and that is not healthy lol. Some people I've heard says that why I'm losing my money? Why is bitcoin's price is going down where yesterday the trend was up? Dudes, DYOR.

Very well said. When you invest before putting your money into something you should do your own research. Everything that involves money you should know about it. Same with bitcoin you need to do your own study and research before investing so that you will not regret in the end whatever it might gonna happen.

[kimdomingo]

I strongly agree that you should not invest in bitcoin if you know nothing about it. It is better to do a research first and read or ask a lot about the world of cryptocurrency because you may not understand well what is happening if you invested without enough knowledge. Take time to know bitcoin first.

[coinholic]

This is common sense. Why would you get into something you’re not sure about? This is not only applicable to Bitcoin but also with any venture. Though it is common for many of us to dive into waters without testing it out first. Despite of the obvious risks of losing in investing, the desire for success is much greater. There are pros and cons in      Bitcoin investment. But failing or losing without even trying is far worst than trying and failing.

[lantan81383628]

BTC is decentralized currency issuance, point-to-point network cause no one can control the whole BTC deal, let people can really have their digital assets, flow across national borders is extremely convenient, low transaction fees, not as a result of the government spamming monetary inflation, along with the human migration from the real world to the digital world, human wealth also migrating from the real world to the digital world, the currency provides the convenience for the migration, and on the basis of the currency financial and other industry applications, for us to open a broad prospect and full of hope.

[imking]

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 approve. We need more information about the bitcoin to understand what bitcoin is. Not only on the bitcoin. All the things you want to enter or willing on that kind of stuff we should have enough knowledge about it. If you don’t understand something about it, you can smooth lose.

[oracleongoodbye]

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

[Nyeyzel]

Yes, that was right. Not only in bitcoin in any other business or investments, if you don’t know what it is and how it works. Do your research and think the cons and consequences before you invest. Bitcoin is for everyone you can invest even you are just a kid or an old man.  All you need to do is learn everything about it.  And if you think you have enough knowledge to it, start investing.

[ellabanana]

Nowadays, people are saying that Bitcoin is a scam. It is because there are those ignorant people who invest without knowing how cryptocurrency works. Bitcoin is not a scam, as long as you know what you are doing.

[gwapo.zylle]

Its true, many people are arguing why they lost their money on bitcoin not knowing that they don't have more ideas and knowledge about bitcoin. Be a part of bitcoin is too risky because their are lots of scammers in online business. Not all investment is good most of them will be fail and your money will lost. Then if you want to join in this kind of business you need to know more.

[Intersan]

This is common sense. Why would you get into something you’re not sure about? This is not only applicable to Bitcoin but also with any venture. Though it is common for many of us to dive into waters without testing it out first. Despite of the obvious risks of losing in investing, the desire for success is much greater. There are pros and cons in      Bitcoin investment. But failing or losing without even trying is far worst than trying and failing.

True,  why would someone invest without knowing what he is entering?  In case someone did,  then the joke is on him because what will likely happen in the end is not good.  There are lots of talk about bitcoin investments and earning bitcoin which helps in making bitcoin more popular but it will be better to make your own research if you are interested. There is no assurance that what the ads contain are guaranteed to give profit to you.

Another is those investments groups which will invite you to trust them in holding your bitcoin investments. It is a good idea but sometimes it is much better if you  will be the one making decisions and the one who is in-charge of your oen money.

[TitanGEL]

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.

It is true that it is extremely risky if you will make investment with cryptocurrencies and you don't have knowledge about what investment that you are doing. You should know the risk for you to avoid all of losses.

[pecson134]

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.

Your suggestion is always the good choice for those who are having this kind of issues. Since there are certain people who were influence and blinded by the opportunities given by bitcoins without knowing the risk and the right way to do it these would lead on these kind of situations. Because I can consider it as a gamble in a sense, one should think first before he or she enters this things because it is your money at stake and may change your life for good or unfortunately on the bad side.

[Joylee]

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.

[xxToaDxx]

The expanded variety of speculator of bitcoin when the worth blast on the far side any doubt is beautiful and sumptuous, but within the event that we have a tendency to on turnabout, numerous them haven't tutored themselves concerning all sides of the bitcoin and a few even haf no thought, they merely required to contribute on the grounds that it's a high esteem. To ME it's not such a lot that nice and it maddens ME realizing that these people were those that will promptly supply their bitcoins at the tiniest abatement in esteem. to boot golf stroke bitcoin off guard.

[harbin55]

Yes. It is important to know first the background where you will put your investment in bitcoin.
It is not easy to win or overcome the obstacles in trading so you should study every information on it. Know carefully the person involve in the ICO to avoid being scam.

[jhamz03]

Indeed, many people nowadays are investing their money on bitcoin on the off chance that they can make big profit without researching it first or tracking the bitcoin market. Investing in bitcoin is like you're playing the game like gamling if you do not know anything. However we have to research first before we step on to it and we should be wise on anything regarding investing.

[SaiWAFU]

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 should be knowledgeable in any investment you're planning to get into. Investing in bitcoin is already a gamble and without knowledge about it makes the risk of losing profit is more higher.

Big time investors takes time before they decide to agree with a certain product/service. They even ask for proposals and presentation so that they would gain more information into what they're going into.

[TimofeiHabarov2807]

Synchronization involves checking all the early transactions of the Bitcoin user and downloading the system itself. To synchronize, you may need several resources: free disk space, Internet speed.

[quocsi]

I agree. Without the best bitcoin knowledge you should not invest in bitcoin at this point. Value always fluctuates. I think you have to study the market carefully before investing to avoid damage.