Why will you invest in something you know nothing about?

[uneng]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Simply you see potential on it, it's a current trend, everyone is talking about it but even though you don't understand how it works. Although it's unethical and unnecessary, it's common nowadays since people are too lazy to research though the resources are already there, they just need to use it properly.

Yeah, you see this kind of investment is working for many people on the internet, everyone is talking about it and how promising is this market as it's all about technology, internet and innovation and you also want to be part of this universe.
Most investors won't understand how it works, as the average education level in the world is really low, but it's positive for the market they are adopting crypto currencies anyway.

Thus, bad people are taking an advantage of it that's why a lot of scammers are still getting profit from fooling people with their promises.

This is the issue, but people need to learn from their mistakes.
Furthermore in some years there will be more guidance in our communities to help people avoiding scams and to decrease the risks of losing money in our crypto investments. Financial education is needed and people are more aware about it nowadays.

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[fuer44]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

the mistake of most (new) people in the crypto world is, they only see the side where bitcoin ever soared and they invest in the hope of reaching another month. but they do not understand the crypto market, how the fluctuation, capitalization, volume, and also the influence of exchangers and also the latest information. everyone who wants to enter the world of crypto should understand it all, so that if there is a price drop to the extreme, don't be surprised. and later the price rises to the extreme will also be realized.

[minairia3]

When people hear that it is easy to make money, many people will invest without knowing how it works. This is one reason they always complain that they are at a loss. Researching carefully before investing is right but many people forget that.

To be honest, there is lots of easy money if you know how to ride with it. The only problem is that many chooses the one with a scam tagged way to deal with it. If you notice there are lots of good IEO in some major exchange, only few got rekt when investing on IEO tokens especially on Binance, mostly profit is good. Some Investors doesnt even have knowledge of the project but have some good profits. Dont invest on ponzi scheme, this kind of business will probably get you more loss than profit.

[qwertyup23]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

Easy all because of : money.

Remember the time when the prices of bitcoin reached an all-time high of $20,000? People jumped on the hype-train and impulsively purchased bitcoin without even knowing its principles and nature! Unfortunately, to those people who still haven't recovered their investments till this date, some of them are the ones advocating and saying on social media that the whole bitcoin investment is a scam.

[yulionoo]

Most people will invest in anything when they hear something that can make money, they wouldnt bother how the system works. Greediness is the reason why people invest even if they don't know what is it about.

yes I agree with you some people are interested in investing in crypto just because they want to get a large profit in a short time. they do not do research and analysis in earnest. this is a big mistake. no success can be achieved easily. we must study hard and do research then invest. investing without research is wasting money.

[princeyeboah]

There are scam projects  as well as projects likely to be unsuccessful out there. Investing blindly without any adequate knowledge on the project means one is at high risk of investing in a project which may turn out to be unsuccessful or scam. It is best to study thoroughly the project before joining its investment.

[Google+]

a lot of people try to make use of knowledge about blockchain by giving false information, they try to make themselves invest and spend their money under the control of giving information about blockchain that is not true and in my opinion that's a very bad threat that is currently can circulate among people who do not yet know about what blockchain really is, they are ordinary people are still often affected and often deceived.

[agentx44]

Please stop your whining here if your friend dont know nothing about blockchain and crypto then teach him so he can be independent

Don't let them invest in what they don't know about

how can you invest into somthing if you have no clue about what are you investing in at first place or is just about 21st century beg??

I agree. You should not let someone close to you to invest without enough knowledge about it. If you are going to watch them invest on something, you should make sure they have enough knowledge about it so that they would not make any mistakes on it. If you are investing on the right altcoin, let your friend know about it so that they can make the right decisions about it. Make sure that before you invest on something, you checked the background of the project first so you can make sure you make the most from it.

[the rise]

Careless experiences sometimes make them understand better than usual. They tend to do everything themselves without asking my opinion about crypto investment, only those who complain finally realize that they are wrong because they only follow the intuition of personal fast profit, and the rest don't even dare to get involved because they are still in doubt, I will not teach them unless they communicate it intensively.

[Novatech8]

Its same message i pass unto people around me, they wany to invest first without knowing how crypto works, one of them later download a mobile wallet called coinomi and send bitcoin to its public address. Its like if never make mistakes first they will not want to learn

[jazmuzika217]

Yes you are right because all we know that knowledge is very important when you invest in everything because all we know this is the most important matter in every business inside and out in the crypto industry. If you don't have enough knowledge you will waste your effort and capital because it will going to the road of loss.

[lousie9]

actually it doesn't matter if someone invests with coins that were not known before, it's just that the risk is much greater if you use a coin investment that you didn't know about before. and to minimize your losses, it's better to use coins that are already listed in the top 10 in the market, at least you still have a chance to get a big profit when the market improves.

[Stanlo]

Doesn't make any sense, i'd rather not invest and find another thing i know well about to invest my money into, investing in something you knew nothing about is like throwing away your money and time

[Cekerula]

Investment is risk related, so I don't think of investing in coins that I don't know about. I personally prefer the top coins on the market such as BTC, Eth, XRP, EOS & BNB. maybe for some people like a challenge so they prefer to invest with coins that are not known.

[Fappanu]

Maybe we should also point out what risks they should be aware of when investing in crypto currency. This is the first thing they need to know to be careful and to choose the coin they should buy. Remember that we are really the first to blame of the people we persuade to invest in crypto so we should at least remind them first.

[HK88]

Maybe we should also point out what risks they should be aware of when investing in crypto currency. This is the first thing they need to know to be careful and to choose the coin they should buy. Remember that we are really the first to blame of the people we persuade to invest in crypto so we should at least remind them first.

just to remind is not a problem because the most important is the person who hears it. if a wise investor will surely know what they have to do before making a decision. anyone should always consider 100x about managing financial management correctly and the coins they will choose.

[Bonenx14]

I never invest the investment amount which I can't afford to lose and buying the altcoin blindly is not my type of preferred investment method, to be honest. The new people in the crypto industry can choose to buy the low market cap and unknown altcoins but let's not forget that these guys have to make mistakes for learning through the hard way.

if you do not know about the investments made you should not invest in them, because if you do that there will be a lot of risks that occur. You should invest in coins that you know deeply so you know the potential in them

[albrots]

inviting others to invest in crypto projects is usually based on referral rewards that are obtained if you invite some friends to join our referral link. if I invite other people, then the project that I follow I have checked. the problem of understanding or not, we will first tell about the project, you can learn it yourself. If we explain in detail it will waste a lot of time. Beginners must learn and not be lazy to read and study the projects that they want to follow.

[Landak]

They might be tempted by money that multiplied in a short amount of time, and don't be surprised if many people invest in crypto but don't know about crypto.
If it were me, obviously I wouldn't invest in any place I didn't know, it's better to trade. at least more safer.
Many of my friends want to join me in investing in crypto but I repeatedly say "don't follow me" because your expectations will not be the same as reality later.

[syaripudin]

actually it doesn't matter if someone invests with coins that were not known before, it's just that the risk is much greater if you use a coin investment that you didn't know about before. and to minimize your losses, it's better to use coins that are already listed in the top 10 in the market, at least you still have a chance to get a big profit when the market improves.

yes, investing in coins that have entered the market is less risk than investing in coins that have not been known before, because this is the same way as we bet the money we have on coins that have not been able to enter the exchange market or can be said to be the same as trying luck with it