Why will you invest in something you know nothing about?

[matchi2011]

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.

Knowledge is the most effective tool inside this investment place, if you blindly invest without understanding the market then you are fooling yourself and expect that it will mostly failed. Invest into something that you will understand, sharing ideas and providing important information to make sure that you or your colleagues will be able to survive from this field of investment since there's a big risk behind this market.

[Bonwin]

The attitude of someone tells me and I invested should be stopped, else you might make a mistake when that same person, though knowledgeable, is not there to tell you what to do next, particularly when to sell or buy back. It is what you know today that will guide you in future.

[tenakha]

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??

If any friend of mine who does not know about crypto asks what this is, I always talk bad about it. If s/he can still prove to me that s/he is concerned, I am going to tell him/her about its good sides. I always remind her/him how risky the trade is. So I prepare her/him for the worst, and do not be too upset if s/he is gonna lose all her/his money in the future.

[angrybirdy]

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??

If any friend of mine who does not know about crypto asks what this is, I always talk bad about it. If s/he can still prove to me that s/he is concerned, I am going to tell him/her about its good sides. I always remind her/him how risky the trade is. So I prepare her/him for the worst, and do not be too upset if s/he is gonna lose all her/his money in the future.

Talking about the negative side of crypto is better when sharing information with other people. You can see them after hearing those words if they will still be concerned or show their interest in it. I also used the same strategy, especially when it comes to investing.
I prefer to tell them that they might lose their investment, and then after that, I'll tell them how I've done my own investment.

[Ferris419]

Sometimes we have to take the risk! Without taking the risk, you can't gain much from investment! So, some of my friends don't know well about the crypto market but they invested here! I always try to teach my friend about crypto and the potential of Bitcoin, but they only want to rely on my decision! I know they will know what is the crypto is with the time, as the blockchain technology is being accepted by every country! 

[LbtalkL]

.......

I just remember myself and It made me laugh, last 2017 I invested in some ICO's without knowing the project I am too focus on the profits. It is a common newbie mistake no one teach me about crypto I just found out it myself searching online so its hard but I'm learning slowly. My advise to my fellow newbie just read and you will learn something.

[Aying]

Clueless to what they are doing and investing is a big mistake and a common thing happen everytime on crypto. but why they fall down of this everytime newbies are comin here, because they are greedy and want to get high profit back. and also they are invited to those friends who are victims of FOMO by any news and predictions. a true knowledgable friend will not invite you to invest immediately. they will avoid you from any losses. and dyor is their always reminder that you should keep on your mind.

[cutesgirl]

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 know cryptocurrency and its not ghost where we don't know what happen at the future or next time, take part for investing with bitcoin and altcoin give us chance how to get much profit but analyze for every altcoin investing is most important, never investing with altcoin  never have product and serious team to make their coin become higher price.

[ajiz138]

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.

Invite their friends to invest in projects that are recommended to have the goal of getting benefits from the referral program. Projects that are followed usually provide additional tokens for anyone who invites others by using a special referral link that already exists. But as a smart investor, you must conduct an analysis before deciding to participate in the project so that it is not in vain

[Genemind]

I certainly agree with you. It's necessary that we'll also tell our friends the risks and disadvantages of investing in crypto so they wouldn't expect much out of their investment. We shouldn't let them invest without having enough knowledge first so they will not blame us for their losses. Some people think of crypto investment as a shortcut to success but we should let our friends know that it should also include hard work and perseverance.

[yulionoo]

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??

in my opinion people who don't understand crypto and blockchian but directly invest in crypto are greedy people. they don't think too much about the definition of cryptocurrency that is important to be able to give an advantage so they will immediately try it. this way of thinking causes some people to suffer great losses. they don't do research and study crypto seriously. all they think about is profit.

[imutlinda]

I certainly agree with you. It's necessary that we'll also tell our friends the risks and disadvantages of investing in crypto so they wouldn't expect much out of their investment. We shouldn't let them invest without having enough knowledge first so they will not blame us for their losses. Some people think of crypto investment as a shortcut to success but we should let our friends know that it should also include hard work and perseverance.

the biggest mistake might be because they think crypto is a shortcut to get lots of money. therefore they assume that all crypto will be beneficial even though not all parts of crypto are beneficial because there is still a fraud in the name of crypto. so you should give this information to newcomers, especially your friends

[jets567]

Invite their friends to invest in projects that are recommended to have the goal of getting benefits from the referral program. Projects that are followed usually provide additional tokens for anyone who invites others by using a special referral link that already exists. But as a smart investor, you must conduct an analysis before deciding to participate in the project so that it is not in vain

Referral program is very tempting that is why sometimes I introduce a project to my friends that I think its worthy but I never force them to invest because I don't want them to blame me if things go sideways. It's like I'm giving them some signals and its their duty to make a thorough research before investing since its their own money.

[pixie85]

People can invest in things they know nothing about and they are doing it in stocks. For this reason we have stock brokers who manage your money and choose what you invest in.

When you tell someone to invest in bitcoin and you know what it is and how it works you're like that stock broker trying to help your friend earn money. He doesn't have to understand it as long as he trusts you and you do.

[Maslate]

People can invest in things they know nothing about and they are doing it in stocks. For this reason we have stock brokers who manage your money and choose what you invest in.

When you tell someone to invest in bitcoin and you know what it is and how it works you're like that stock broker trying to help your friend earn money. He doesn't have to understand it as long as he trusts you and you do.

I believe in all investments, an investor should always have a wide knowledge about the thing he wants to invest because he should be responsible for the success of his investment. If he does not know about it, then it's more likely to fail in the end and will only lose his capital for the said investment.

[biddicoin]

People can invest in things they know nothing about and they are doing it in stocks. For this reason we have stock brokers who manage your money and choose what you invest in.

do you mean mutual fund?

When you tell someone to invest in bitcoin and you know what it is and how it works you're like that stock broker trying to help your friend earn money. He doesn't have to understand it as long as he trusts you and you do.

mutual fund is regulated by government, it has agreement to do that
if you wanna be that one, you should have sertificate and knowed as investment manager, it's not easy as it seems

i prefer to learn myself, read little by little, practice, understanding, etc. then i can have good skill

[boltz]

Those who are invest in such projects without checking the team , roadmap , product and history they are simply speculators and they don't care about their money or they simply gamble with projects thinking " OK, this is the one ,I'm gonna get rich! " and we all know how it ends ...with them loosing all the money and then complain about how they invest into shady and scam projects. No wonder why ICO's are struggle in the last months, even this type of investors got tired to gamble with projects that are going nowhere and the effect can be seen on ICO's and IEO's dying.

[Pinkris128]

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??

Greed is mankind's second best friend and worst foe. We live in a society where money does not just talks, it is the the primary resource to exchange goods and services so our primary goal is to earn. Meanwhile, ignorance is mankind's first best friend and worst foe. We often jump without looking how deep it is then blame the system for not warning us. It is our duty to study and learn yet we are such a lazy creatures that we pass the blame to someone else when we are deceived or scammed. Very few have the logical mindset to accept and even handle the risk by researching a lot about the project.

[crossabdd]

I always teach my friends about investing in crypto. actual crypto investment is not a profit of 30% - 50% per month. even 100% per month. it is a scam. crypto investment is long term. not monthly. but for the next few years. I have many friends who invest for a fee every month. but in the end is gone. and they lost their funds. then I explained that crypto investment is not like that. Crypto investment is to buy crypto assets and hold them until they reach the targeted profit.

[HabiebRiziq]

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??

Yes it is true, most people invest without knowing more about the project they are going to participate in and they are just following what others have said without observing themselves or analyzing the project. And maybe the person is just a beginner in cryptocurrency so I think his close friend can provide more knowledge about his friend so they don't get disadvantaged or at least to better understand about cryptocurrency.