Why will you invest in something you know nothing about?

[Firefoxx]

I do not think anyone can actually invest in what they know not though some people fall through mere speculation from groups or friends but that is a big risk and result into either failure or profit.

[1715111779]

1715111779

[1715111779]

1715111779

[safem]

I would say it can be so disastrous to keep investing into what one knows nothing about. Ignorance can be so deadly. Whoever desires to be in the cycle of the profit makers in the world of crypto must crave for deep knowledge because whatever one does not know anything about one can not make any impart with it. It is very expedient to go for knowledge on whatever aspect of crypto seems to be confusing or uncertain. If it is going to cost one some money to acquire the knowledge, I would say it worth it because whatever that has no cost has know value. Knowledge is very essential to be in the flow with crypto and to make something tangible from it.

[IvugeoEvolutionCoin]

Definitely, I will not invest on something like that. I don't get the idea why people do that. They are not investing with the extent of their own knowledge. I mean, they should have been investing using their own not asking from anybody or just pinpointing where to invest. That's what beginners in cryptocurrency follows but that's wrong.

Some people see influencers they follow on social media as "demi god" hence they buy all coins suggested or hyped by the influencer. Others follow channels on telegram claiming to be TA experts hence they invest blindly without personal due diligence. Well, nowadays investors are much wiser.

[Crypto5060]

I've met a number of people who don't really know much about crypto but because of the misseducation they received, they see it as a money doubler and they just want to invest without being aware of the true nature of crypto.

[Oyimeelijah]

I see no reason why we should bring in new people to cryptocurrency and not take out time to judiciously enlighten them on the workings of cryptocurrency. It is very unfair to tell them when you only inform thwm about all the ROIs that can be gotten, but you say nothing about the downsides of the same project and this omission of the truth will make that newbie very disappointed when his/her trades goes south ways  

[nanaimogold]

I see no reason why we should bring in new people to cryptocurrency and not take out time to judiciously enlighten them on the workings of cryptocurrency. It is very unfair to tell them when you only inform thwm about all the ROIs that can be gotten, but you say nothing about the downsides of the same project and this omission of the truth will make that newbie very disappointed when his/her trades goes south ways  

You have a point. A lot of newbie are not properly lettered on cryptocurrency tenets. Partly caused by their friends who introduced them to crypto and also on some of them who are after quick cash and forget that the first foundation to riches is knowledge and having it in abundance

[ampu]

Individual investors with the meager amount they were propagated incompletely about the Bitcoin and cryptocurrency markets.  Some individuals had huge profits in 2017 and from ICOs, IEOs were highly profitable.  When they realize that, all new and old people are attracted and pour money into.  By the time the market trend ended, they had failed with their losses.

[bgaf]

Actually there are many investors doing that here in crypto. For example, most IEOs on major exchange such as Binance have a lots of participants during their launchpad but I believe 90% of them doesnt even read a single statement or check the WP of the project their joining. Why? They only after the ROI of their investment.

[xOdiumNostrumx]

I mean it is not as easy as that, many people do their thorough due diligence on projects before investing in them, but even after that the results may be devastating as there are a plethora of factors in the play and even one of them goes astray, the whole thing collapses. But yea, the starting statement of the OP is pretty much a basic logic, but too many people still fail at it.

[TheICE007]

Sometimes people invest in things they really know nothing about out of trust. When they see that a friend has invested, out of trust, they also invest not doing their own research which is very bad, no matter how you trust someone, try to do your own investigation,it really helps a lot. In the crypto space Research is a major factor to Success.

[Malamok101]

All investment for your funds will also, learn about the mechanics to how to earn some money in crypto. Sometimes there are risky investors to put their money away without experience.

[zeze18]

All investment for your funds will also, learn about the mechanics to how to earn some money in crypto. Sometimes there are risky investors to put their money away without experience.

They invested because they are get advertised by many people or they've seen the crypto ads anywhere that promising so much profits in a short time, and the greedy and dumb investors always get trapped by those kinds of advertisement, and they will get scam sooner or later, but there are also some of them who lucky enough so they get out before the investment turns out scam

[mirgo1791]

to work on expectation about the work on reference of whitepaper and more of notables with release from developer and gains as completing returns on nominal with the value on expectation.


not            staring my id or picture... operating

[Hypnosis00]

Sometimes people invest in things they really know nothing about out of trust. When they see that a friend has invested, out of trust, they also invest not doing their own research which is very bad, no matter how you trust someone, try to do your own investigation,it really helps a lot. In the crypto space Research is a major factor to Success.

Really not good and probably they all go for nothing. Maybe they could take such a lesson and try to figure out where they are wrong, cause they are blinded to see the risk of investing with knowing nothing about the project they've invested. I can't imagine how we go into a ride without direction, the same thing happens to this. Investment can't be a joke, it involves money and much we care about gaining rather than losing which supposedly they think at first before doing a stupid investment.

[diazepam666]

Even I have the same question to the people and I have noticed many people invested on unknown projects even they are not giving time to learn what is there in their white paper also.
You should not do like that and we need to focus on good projects which is not getting better support. Those kind of projects will be in sky height very soon.

[conex]

That's called gambling, you should always make a research before investing in any project. How to make it is a decisions of yours, i'm pretty sure no one gives away his money just like this...

[Jiyens3]

Gone are the days when people stupidly invest in cryptocurrency project without knowing details about it just because they don't want to miss out. I don't think anyone will act stupidly like this again with all the losses many of us incurred in scam projects

This is so true, crypto enthusiasts are wiser now. In the past some so-called influencers will chill ICOs or shill their crypto bags and many people will FOMO to buy into the coins. This is not the case presently, I remember when MCAFEE use to make buy calls and people will rush to buy, after the pump there will be a massive dump yet people still fall prey. Nowadays people believe in projects with good development progress and not hype.

I dont actually do that. I am wasting my money if that particular project is a scam and it is my fault not knowing that. It is my responsibility to study every project I want to invest my money in. I personally recommend that you should do the same thing as I do because you are the one losing money if you dont study that particular project very well. There are things you should consider before investing in a particular project and you can see that by reading their whitepaper wherein all of their plans and targets are all stated there.

By trying we will feel the smell. With us investing in something we do not know does have a risk.
 The more we dare to take a better risk is to advance promising new innovations.
 Many more we try to be able to provide experienced challenges. So trying to invest is a powerful new creativity.

[Visbay]

That's called gambling, you should always make a research before investing in any project. How to make it is a decisions of yours, i'm pretty sure no one gives away his money just like this...

Yes but some people use to make the mistake of trusting other people blindly as according to me if you have the money you will have to be careful investing it. There are so many people who are scammers and they just wanted to get benefit from other people. So never ever take such wrong step of trusting any site or any project you don’t know about.

[Ken_terrance]

Sometimes aiming for nothing turns out to something, sometimes we buy lies to get the truth so you can actually invest on something you know nothing about and make something out of it, for example i invested in HYIP not knowing how risky they are and i made good money from it, same thing with crypto, i never knew anything about bitcoin before i bought my first, i just like trying things out

[naikturun]

Most people do that.
They only come to buy without any idea of market conditions or risks of investing/trading in crypto.
Seeing other people get profit so he participated to buy, which then lose because buying above and mention Crypto is a scam, fraud, gambling, and other bad things.