Why will you invest in something you know nothing about?

[X-ray]

This is funny. Who on earth wanna buy an unknown item? Just like in crypto, who wants to invest in an unknown coin? This is why self awareness, research and knowledge are the basic things that we should do in terms of investing. Also, if a particular investment works for you, doesn't necessarily mean that it will gonna work to your friend too. It's hard to force a friend to do the same if he/she lose an interest or had a lack of knowledge to a certain thing.

I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.

Some people are dumb enough to just blatantly trusting someone that says a certain project will give dreamy return in a short period amount of time.
It's definitely a normal case in most of the countries and could explain why such scammy project still got quite the money from people.
However, it's still unbelievable that sometimes greedines could overthrow logic and common sense. Just see why there are still ponzi and multi level marketing until now? Those kind of thing still exist because people are just too dumb to realize that such a thing is just a stupid pyramid scheme.

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[blckhawk]

It's because of the hype associated with a particular investment. If everyone is talking about it, of course they will have fear of missing out and instantly buys into it even without learning about its background. And when they lose instead of profiting, they'll think of bitcoin as a scam, when in fact, it's just the nature of bitcoin. It's trend is hard to predict and anything could happen in just a matter of few hours. And we can't prevent these from happening, hype will always be there and there'll be always someone innocent going with the FOMO.

[Jorge158]

Well, it is not a good practice to invest blindly, thus invest without knowing anything about the project especially in crypto space. Since not all the projects can be trusted because some turn out to be scam whereas others end up to be unsuccessful, it is good to read and study well about the project in order to have a fair idea on its authenticity and potentials.

[judeafante]

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??

We have so many people like that, their only motivation is profit, they don't even know the technology behind it, it happens because they first discovered that there is huge profit to be made from investing in Cryptocurrency, so they keep looking for new coins in the hope that they make huge profit from being an early investor.

[otto93]

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 entirely depends on the risk taking capability of an individual.  If someone has higher risk appetite, they may go ahead and invest in an absolutely new asset which they know nothing about it!

On the other hand, low risk apetite people, may not invest in anything new! It's not about only cryptos but anything!

So investment decision ususlly occurs based on an individual's risk appetite! Learning can happen simalteniously and gradually!

Accepted, that is why one will always have to acess his or ger risks regardless, there are calculaed risks and its fair if you have info about a project or product you can take the calculations, but without any prior info is just like following the masses or even the few

[otto93]

This is funny. Who on earth wanna buy an unknown item? Just like in crypto, who wants to invest in an unknown coin? This is why self awareness, research and knowledge are the basic things that we should do in terms of investing. Also, if a particular investment works for you, doesn't necessarily mean that it will gonna work to your friend too. It's hard to force a friend to do the same if he/she lose an interest or had a lack of knowledge to a certain thing.

I only have one advice before investing.
DYOR. DYOR.
It helps a lot. I assure you.

The lazy and greedy man will always do all the above without considering the consequences, he will later start whining uo and down on social media saying unexpected stories about the project thinking he is exposing them yet he is actually tellimg people how bad his decisions are

[Aabcde]

Only a fool wants to put his money in a project that he doesn't know or understand at all. Most of these people only go along when their friends look successful in having a lot of money because of the results of crypto investments. So what they see is how much money is not what the project is.
Personally, I prefer to teach them how to fill airdrops or bounties. With this they will gradually understand how the crypto world works. Because they will definitely dig up information continuously about crypto.

[BitcoinHunt3r]

If me, personally i wouldn't do that. But there are a lot of people who invest in ICO only because of see the project promoted by influencer. Like when famous people promote it, the project usually get a lot of investor. And in a time ago, we can see some project make famous people to endorse them. And then project can end their sale faster than usual. It is not resisted, if people who don't really know about the product, invest because something like that.

[kanayaTabitha]

Many people invest on something that they didn't know because they be given by people a lot of profits in a short time.
Sometimes maybe really got the profits, but they always greedy to invest more and hoping for multiple profits.
But in the end their assets is gone. So for everyone we really need to find out the bussiness process about what we will invest and becoming a not greedy person to reach success

[meliodas]

This is the habit of the newbies or the people who are greedy to make their money grow faster than other investment vehicle. Those type of people are the ones who let their emotions eat their critical thinking in terms of decision making and at the end of the day, they lose their hard earned money because of their greediness. It is a must to do research or study what the investment is about so you can really see if the investment is worth it to pursue or not.

[barnes13]

I also don't understand why many people invite their friends to invest in projects that they don't know at all, even though their friends have not learned about the project but seem to be forced by other friends. I hope you don't do the same thing, because in investing we must be smart in choosing. If we make the wrong decision, then the money we have is lost instead of increasing.

[bitzizzix]

Actually this has a negative impact on cryptocurrency because those who feel they have been cheated will incite new people not to invest because they feel cheated or disadvantaged, in fact it is their own fault due to greed and carelessness who ambition to get big profits on the wrong project and ultimately disadvantaged because they are not based on knowledge and investigation before investing.

[sirminesalot]

Actually this has a negative impact on cryptocurrency because those who feel they have been cheated will incite new people not to invest because they feel cheated or disadvantaged, in fact it is their own fault due to greed and carelessness who ambition to get big profits on the wrong project and ultimately disadvantaged because they are not based on knowledge and investigation before investing.

actually investing in crypto is profitable if the investor is good at investing smart utilizing every opportunity to get profits and any investment is always related to risk and we can only reduce the risk of loss that we will get in investing capital is mainly confidence and patience

[Eugenar]

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??

Most of the times, I have a friends that didn't really want even to know what cryptocurrency is, until such time they see me with interfaces that they couldn't understand. I word in silent because I believe that words are not enough to convince people so I show them the trading platform. Their reaction isn't promising since they couldn't understand the graphs showing. And that is the time when I decided to tackle topics about crypto to them. In this case, we case say that we don't need to spoon feed people to adopt cryptocurrency, what we need for them is to have even a single enthusiasm and it will be upon us on how we can get them involve to crypto.

[alexsandria]

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??

Mostly those who invest not necessarily they don't know anything about but they have just a bit of knowledge something more behind than its surface. Usually they got hit by those sugar coated words well, all of project though but they forget to look more it throughly. And later on would complain that they got scam, this project is fraud. That is why they whining and complaining around here what we need to do is to educate them instead of scolding.

[pandanaran]

everyone has their own way or other reasons before investing in crypto, so there is no harm if someone makes a random investment because it has become his choice. but for me personally would not recommend someone or my friend to invest in the wrong place.

[tinyteapot]

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

It is never a begging method because the person is investing his/her personal funds.
It is very possible to invest in what we do not have much knowledge about when we see people that are making profits from it and we have the funds to take that risk.

Naturally all investor always do one or two findings about where to put their money before investing.

[Hypnosis00]

everyone has their own way or other reasons before investing in crypto, so there is no harm if someone makes a random investment because it has become his choice. but for me personally would not recommend someone or my friend to invest in the wrong place.

We know the risk in crypto investment but we can't either stop others just because of this. Why not give them a chance to engage with crypto and experience the risk as they have their choice also, only we could just give them some advice and tips. Cause nobody knows that they might able to manage the risk and even succeed in trading. 

[Ducky1]

Unfortunately, many people invest their money, they themselves don’t even know what, the reason for this may be the widespread hype around the investment object, which may turn out to be just a scam. A lot of mistakes with investing arise due to lack of knowledge.

[DabsPoorVersion]

everyone has their own way or other reasons before investing in crypto, so there is no harm if someone makes a random investment because it has become his choice. but for me personally would not recommend someone or my friend to invest in the wrong place.

We know the risk in crypto investment but we can't either stop others just because of this. Why not give them a chance to engage with crypto and experience the risk as they have their choice also, only we could just give them some advice and tips. Cause nobody knows that they might able to manage the risk and even succeed in trading. 

We can say that they have their own choice, but it would be better to give them a little advice that investment is not as easy as that.
They should know how to learn the risk of investment, to stop doing a random investment and to avoid becoming a victim of scam again and again.