Dangki01021991
Newbie
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Activity: 59
Merit: 0
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November 13, 2019, 04:21:50 PM |
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It takes investment to have a chance to make a lot of money, a chance to be rich. Take risks to invest. I believe that when we try, there will be better opportunities.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Meowth05
Sr. Member
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Activity: 854
Merit: 267
★777Coin.com★ Fun BTC Casino!
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November 13, 2019, 04:31:05 PM |
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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??
It is very risky to invest in something that you don't have any idea about. Crypto industry is easy to understand but if you don't have any knowledge about it will can easily deplete your funds. There's a lot of articles that discusses cryptocurrencies so it wouldn't be hard to explain it to your friend but make sure that he wanted to learn because no matter what you taught if he has no single interest it wouldn't work. |
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BeginToMine
Full Member
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Activity: 434
Merit: 101
https://www.payaccept.net/
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November 13, 2019, 04:47:34 PM |
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This is a very big risk investing on what you know nothing about. The reasoning self looks somewhat bad to invest your hard earned money in something you aren't sure or know nothing about it, lol..I just hope nobody makes such mistake though...but could favour some but to me it's a big risk. Having knowledge of something pays more and helps calm mind than what you know nothing about.
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duuuuude
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November 13, 2019, 04:56:59 PM |
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Very often people look at each other and invest in quick earnings without understanding the topic. Have such people rarely present common sense and until they there is the and scammers always will exist. But I will say that sometimes it is difficult to see all the prospects and risks of investments and probably everyone had ups and downs.
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vanya.pronin.1983
Member
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Activity: 378
Merit: 10
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November 13, 2019, 05:04:09 PM |
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Because people can be lead with help of social media and all other marketing stuff. If they hear Binance, Huobi IEO, insane profits, they rush into exchanges and buying with all the money they have. After they lose huge amounts, they are doing the same thing again and again.
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ven7net
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November 13, 2019, 05:15:39 PM |
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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??
You're right. Most investors do not study information about the market and cryptocurrencies, but only listen to the promises of YouTube analysts, who very often are wrong in their forecasts. In order to earn, you need to study a lot of information, market history and trends that appear. Well, if you invest in guessing, then do not complain when you lose. |
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stepwilli
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November 13, 2019, 06:54:11 PM |
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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??
How would you know something if you won't try it in the first place? To gain experience, you have to try, and with experience you'll gain knowledge, with knowledge you'll gain profits. Get out of your comfort zone and stop asking, just try it and figure it for yourself, that's more amazing than asking everyone how they do it. You don’t have to have knowledge of how the project functions entirely, but at least you should be able to make some findings about it before getting into making investment in the project, it is just like you going for an interview, you prepare not to fail by knowing necessary questions that you think the interviewer might ask and one of the criteria also is that you first research about the company you are trying to get recruited into so that when you are being asked some certain questions about them , you would have already known much about them. This is also the same case as cryptocurrency also, you must be able to know the project that you want to invest in to a level where it would be like you are among the team by just simply researching on them first. |
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swivel1983@gmail.com
Member
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Activity: 645
Merit: 10
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November 13, 2019, 07:21:02 PM |
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You're right. If people are not prepared for the fact that you need to learn, then they will never be able to achieve success. I have never recommended anyone to invest in crypto. I tell my friends to study it, because it is a very promising direction.
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Prompyboo
Sr. Member
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Activity: 807
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
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November 13, 2019, 08:16:47 PM |
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You're right. If people are not prepared for the fact that you need to learn, then they will never be able to achieve success. I have never recommended anyone to invest in crypto. I tell my friends to study it, because it is a very promising direction.
if you understand that the direction is promising, then you should recommend to your friends to buy bitcoin and then study the entire market as a whole |
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irixo10
Full Member
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Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
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November 13, 2019, 08:34:20 PM |
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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??
You gave a striking points, most people only brag to their friends when they might have made profit either from trading or otherwise without also sharing the neccessary information, thus then their friends invest based on what they heard and it backfires they will still be the one to blame them. I think it all comes down to knowledge, knowledge is power thus let's empower our friends through passing the right knowledge. |
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pobeditelvezde
Jr. Member
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Activity: 658
Merit: 1
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November 14, 2019, 11:03:53 AM |
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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 assume that investing without knowing of a particular asset is a wrong approach. Moreover I am sure that such an approach will devastate the own pockets quite fast. The theory of investing enacts us to be more serious when investing. Let us take an example. Suppose, you want to have a shower you take a towel with you but not a wool socks because you know exactly what a towel is and for what purposes it is utilized as well as financial assets you should know well enough. In particular the market situation which is enacting in the current moment of time is a little bit difficult and unstable so it need to be even more careful than usually. |
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fuguebtc
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November 14, 2019, 11:20:26 AM |
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A wise person never do such mistake of investing in market he is unaware of. If you investing in crypto only because your friend is investing in it or crypto is giving huge returns you will only end in loss. Do things you are good in and where you can earn profits.
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huige007
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November 14, 2019, 04:07:34 PM |
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I have great faith in the cryptocurrency market so I will invest in it. I will not complain about anything. are you like me ?
Never step into a territory which is unknown. This does not make any sense to invest in a coin that someone has no knowledge about. Even if an investor is choosing bitcoin or the top altcoins, he should do some research on his own before jumping into them. Indeed the blind investment in potential coins wont bring harm but in order to avoid panic selling out, it is important to hold some knowledge. |
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joshy23
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November 14, 2019, 04:14:08 PM |
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A wise person never do such mistake of investing in market he is unaware of. If you investing in crypto only because your friend is investing in it or crypto is giving huge returns you will only end in loss. Do things you are good in and where you can earn profits.
The chance of getting successful is higher when you know what you are doing and not just following anyone's signals. If you do invest without any knowledge regarding to the business, you are unlikely investing with a high risk and you are gambling with your fate. Do things that you have good understanding it will increase the chance of getting good benefits. |
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santiPOGI
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November 14, 2019, 04:15:44 PM |
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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??
This is the main reason why people especially newbies are getting nowhere but losing money in cryptocurrency. That is true, you should never invest to anything with out your own knowledge (even no in cryptocurrency but investment) Go get more people and friend but never ask them to invest but let them learn first. |
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crisanto01
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November 14, 2019, 04:52:43 PM |
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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??
This is the main reason why people especially newbies are getting nowhere but losing money in cryptocurrency. That is true, you should never invest to anything with out your own knowledge (even no in cryptocurrency but investment) Go get more people and friend but never ask them to invest but let them learn first. I was once become this type of person too, investing without knowing everything at all, as I don't know at that time how to check legit, so I invested $10 only, and there's so many hype in the community, so I added again to $60 thinking they are all real that even my friends invested on it, so , although I am a noob, I was very expecting that this a great one, then turned out to be a scam after few months. Anyway, this has been a morale lesson for me and to my friend. |
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alrose
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November 14, 2019, 05:56:20 PM |
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Because people can be lead with help of social media and all other marketing stuff. If they hear Binance, Huobi IEO, insane profits, they rush into exchanges and buying with all the money they have. After they lose huge amounts, they are doing the same thing again and again.
In this case as an example give at least 1 project that did not make a profit on the IEO on the Binance exchange?I think now the best investment is participation in IEO on the top exchanges. |
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ATSgrowth
Full Member
Offline
Activity: 924
Merit: 106
homt.net
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November 14, 2019, 06:03:45 PM |
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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??
This is caused by a hype. Look what happened in 2017, people invested into cryptocurrencies before they learn something about them. And look how did it turn up... Another hype we saw around ICOs, and how did it turn up? |
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GreatArkansas
Legendary
Offline
Activity: 2310
Merit: 1345
Buy/Sell crypto at BestChange
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November 14, 2019, 10:26:13 PM |
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I just want to quote what Warren Buffet once said, Warren Buffet is current on top 5 most richest in the world.
He once said:
"Never Invest In Something You Don't Understand"
Seems right, yeah? I also agree on him. That's applicable in all platform, cryptocurrency or non-cryptocurrency. Because investing is never an easy money, the risks are also existing in investing (most of the time).
(....) however, the point is we can find out what we are investing in when we do research about the business. This applies to all businesses, not just crypto. So many people don't do this before investing and eventually become frustrated. Exactly! Investing without doing a research or asking other people is a suicide action, it is like you are giving away your hard earned funds. There are lot of people have experienced this , in cryptocurrency or non-cryptocurrency. I'm glad that I got into cryptocurrency and learned about these things. |
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Visbay
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November 15, 2019, 07:33:09 PM |
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A wise person never do such mistake of investing in market he is unaware of. If you investing in crypto only because your friend is investing in it or crypto is giving huge returns you will only end in loss. Do things you are good in and where you can earn profits.
Yeah, this is true we should not invest in a project that we are not aware of better make research and save your self about it. Before buying never be careless better make research and take advice from other well-known investors then it will help you in choosing the promising coin. The market is full of New coins and some scamming projects as well so just don’t get scammed ask questions and then try to search and buy good coin only. |
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