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

[Titanos]

I saw many people, never interested in technologies or digital currencies, buying Bitcoin and altcoins. They are only attracted by stories of success and people becoming rich from holding cryptocurrencies.

[Ulumorzki]

Before investing, you should know the investment you are going to enter. Know all the details about it and study first before investing. That is the rule in investing (my opinion), also make sure that the investment you are going to enter is a legit one. In Bitcoin, once you invest to it you should prepare yourself on the consequences that might happen, especially if the price will go down.

[conected]

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.

- Even at any time, without knowledge, absolutely should not invest because it is too stupid and waste money, we will not know the opponent or the traps we are facing and of course, when we are passive, failure is one thing sooner or later. So, although bitcoin is probably a simple investment when we just buy and wait but if we do not know about it, we will not have faith in it, our psychology will be unstable and the market will lead us into the trap, investment is required knowledge, strategy and calculation, unlike the shopping, want to buy is to buy

[dynospytan]

I saw many people, never interested in technologies or digital currencies, buying Bitcoin and altcoins. They are only attracted by stories of success and people becoming rich from holding cryptocurrencies.

I guess that is their reason why they invest in bitcoin. Little do they know that they cannot be successful if they know nothing about what they are investing to. Because normally when you plan to invest in something you check everything especially its background and all its information in order to know if it is reliable or not.

[Piggymonster]

Investing in bitcoins seems exciting but know that it takes time and effort to understand how bitcoin works. You should know the risks, the advantages and disadvantages before jumping on board to avoid great loss.

[emezh10]

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.

In any Investment, the first rule is to know where you are putting your wealth, so before you indulge and give in, try to acquire sufficient information to know the risk and solutions if ever your investment is facing any struggle. Knowledge will protect you from possible loses and will help you to stay calm and manage your investment properly.

[FindYourIco]

I think all things will be risky if you do not know it, so I think your statement is a bit wrong.

[Nikolya]

The first thing people do when they hear about crypto currency is buy bitcoin as the most highly advertised currency.

[l0uisStanley]

I invested in bitcoin only after I researched and I made sure I know at least basics about bitcoin. It has been a long process for me to learn about bitcoin. Does anyone know where can I find some good bitcoin information for newbies?

[PHP.guru]

This is certainly, do not invest in the things that you don't know. However, if we want to invest, is better to do research before so can know more and know how to invest.

[PM.coins]

it is true that bitcoin prices have increased quite high by the end of 2017, now many people are hoping to get a big profit by investing bitcoin. they actually do not understand about bitcoin but just see that bitcoin can give big advantage for them, so many people without thinking long put all the properties into bitcoins and cryptocurrency. indeed this can be bad for them because actually not necessarily they can benefit and maybe they can get a loss that they finally think negative about bitcoin.

[AlObado@gmail.com]

Yeah probably dont ever buy bitcoins or invest if you dont know this thing or when you are lack of ideas how it goes so you will not regret buying this because if you are in the state of bitcoin price going down maybe you will regret because you have no idea how market play. Its better to read some stuff about bitcoin and ask professional before buying it.

[Joylee]

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.

[hxk451]

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.

The vast majority of this beginners investing in BTC in late time do as such because of the way that there is an expansion in the cost of BTC in late time and individuals think BTC is enchantment and this are a similar classification of financial specialists who will yell that BTC is a scam when the lose bite the dust to they claim powerlessness to contribute astutely. Convey your own particular research before going into any venture.

[Satish147]

Without knowing anything about cryptocurrencies and how they function and how to store and how to use then  don't invest in bitcoin. Because this investment may only for speculative purpose to make profits only based based on past results. In this, you may disappoint when the market is dip unexpectedly in a small period like now.

[Wish 107.5]

Indeed, you should not invest in Bitcoin or any other things if you know nothing about it. You should do some research first before investing so that the risk of being lost will lessen. It is better if you have something than nothing.

[oracleongoodbye]

I think knowing bitcoin is not difficult now and we can easily from many you tube videos and the investment in these is very good now in this time if we work hard may we become successful in the future and this will provide good gains than working other than this bitcoin is good for the past present and future many good investors are now rich and they are fully shifted from stocks to crypto.

[C. Bergmann]

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.

Precisely! Investing in something that you don't know much about is purely gambling which is quiet a stupid way since in the first place it is not and investing that you are doing! The idea of being a millionaire just by throwing your money in Bitcoin is quiet stupid because it just sounds so easy and simple which is not. It is not that easy and simple; it is more than just that.

[ruskytailz02]

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.

yup HAHAHAHAH I personally I have some of my friends and neighborhood and hearing them talking about bitcoin and stuffs like that.
one of my neighborhood says I want to invest in bitcoin and he said that He knew that some of his friend has an investments where you can earn every month just by paying down a big amount., As I hear that I said to myself/ wtf is his friend trying to scam his friend too hahahah, that situation is hard because he don't even knew how and what bitcoin works ahahhahaha
I think they been attracted to its high price and the hype of bitcoin makes in social media hahaha

[supermam]

It's really difficult to invest without knowing what are the steps and procedures in investing to become successful and when you're new just invest a little to experience it and when it becomes successful then continue with a bigger amount to gain a bigger profit.