Why will you invest in something you know nothing about?

[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??

[SamboNZ]

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.

[otto93]

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.

That is why pained when I later see them whining left to right trying to tell everyone about their loss all on the name to get some sympathy or comfort, I rather not hear them since they did not bother to seek my knowledge befor investing

[Greatchu]

This is basically why many people get scammed, they enter this space thinking they will make money and get rich overnight, i have seen few people from india that posts their wallet recovery seed on telegram thinking thats how they will get free coins, it shows they don't no a thing about how wallets work, no one showed me anything when i knew what bitcoin is but i spend time on researches how it works before i start my practical journey

[NewRanger]

Investing in portofolio that didnt know anything was suicide.we will easily loss our money in place that we dont know how it work and who is the market participants.maybe .we walk like a blind man in the dark, we have no information that will guided us to achieved our purpose on it. We know, recently we were very difficult when we want to earn money, so dont put our money to dark market.

[masulum]

I will not invest in something that does not have a clue about it. I think it's very risky if you decide to invest. Research before investing is the best way to start doing it. Even the project looks very promising, I will look for more information about the project. If there is still no information, I will skip it.

[taufik123]

If there are no regulations that tighten and reduce fraud, we must analyze ourselves about the project that will be followed. The development of fake projects that harm many people is growing very quickly. This also makes altcoin become rubbish because many people do not believe anymore in new projects that are being developed.

[Strongkored]

People who invite His/Her Friend to invest in something they are don't know, mostly invest in project promises high return which is their friends will interest to join e.g bitconnect, DDK (Dinar Dirham Koin). Many of them didnot care about how to educated crypto, blockchain or even the investment they joined, they only care about the return, how much money can earn from investment.

[Byakuga]

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??

knowledge is power like they say and to gain knowledge about something you must be willing to learn, even if i want to invest on something i will first learn about it, probably it might not be for me so its only a stupid person that will invest in something they know nothing about

[Bttzed03]

When money talks, even friends or family members refused to listen and be taught.

Here's what happens to some people who are thinking about profits and quick returns, "invest now even if they have little idea, get rekt, then learn from the hard lesson".

[Nivia1st]

it's all just because of FOMO ...
I think everyone who invests in cryptocurrency already has basic knowledge to judge whether the project is good or not. but sometimes they seem to forget about it, because they are too greedy. usually they are too pushy to invest despite knowing it's too late. and when they buy some then the price falls. this is what most people often do.

[asriloni]

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??

People are only seeing from the testimony that created by another person if that person can make instant profit easily. In additional, the newcomers are lack of the knowledge about how the crypto market works today, dude.
People needs more education but we know that so many shillers in the cryptocurrency that always gives fake opinion about any project.
What they need to know how to get the best source to learn about that. There are some best places to get a lot of information and knowledge about crypto but the question is do they know it?
But I thought everyone must not to not invest in a project that they don't know about.
The main problem is how to spread this kind of awareness when at the same time know that there was a lot of limitation for us to do that?
But this is a very interesting thing to be discussed.

[Javi_Anibarro]

There are also people that invest in cryptocurrency because they want to follow the trend without bothering how the system and market works. Conventional traders are investing in cryptocurrency too but because they do not know how the market works, they ended up losing their capital and whining saying cryptocurrency is a Ponzi scheme.
I have seen so many people whining because they are losing their money.

[jajorforce]

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??

During invest time new investors doesn't research well even don't know where they invest. This is the top reasons to get scammed. If your research is right than legit project could return your money if unsuccessful to get funds rise. I will not involve or invest without knowing anything.

[aprilnot]

When money talks, even friends or family members refused to listen and be taught.

Here's what happens to some people who are thinking about profits and quick returns, "invest now even if they have little idea, get rekt, then learn from the hard lesson".

yes you're right, sometimes they won't listen to what we say just because of money. they don't care even though we said it was wrong. and finally they failed, but that was not the case. many people are like this, but don't want to learn. they keep repeating the same mistakes over and over again. I always tell my friends before they buy or invest in ICO/IEO. but mostly they just laugh at me because what I say doesn't agree with him.

[avikz]

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!

[tomahawk9]

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

You shouldn't have to teach him anything. Unless he has an IQ below average, he should be able to do his own research and gather the necessary information about those topics without relying on someone else, otherwise, he or anyone else will blame you if if they end up losing his money or making some mistake.

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

I can give them some advices, but at the end of the day, people can do whatever they want with their money.

how can you invest into somthing if you have no clue about what are you investing in

Ever heard of the words "ignorance" or "greed"? Those are some of the most common words you'd use to describe someone who does what you described. Tbh, my favorite one is "stupidity".

[Pearls Before Swine]

or is just about 21st century beg??

I'm not sure what you mean by this part, perhaps you could explain.

One doesn't need to understand bitcoin or blockchain technology in order to invest in crypto, and I'm sure a lot of people do so without knowing exactly how all of it works.  The average person doesn't have the math or computer background to have a deep understanding of it.  But the most important thing about bitcoin (and alts) is that it's a form of money that does not depend on banks or gov'ts in order for it to function.  If one can grasp the importance of those facts, that should be enough.

If you're speaking of ico's, I would agree with you.  You ought to understand what a project is *trying* to do before investing in it, because most are not well thought out at all and you can easily predict which ones won't succeed and probably which ones are pure scams.  But crypto in general?  Nah.

[Kezacky]

You do not need to bother, most importantly if you have wise advice then use or teach your friends who do not understand about crypto. most users have their own way of investing in crypto, so if you are a wise investor you will certainly know how to put money safely in this investment.

[kolonel_x]

Investing what they don't know is ridiculous, friend.
In every project that they will invest in, they must know the purpose of the product in the future, don't just get rich quickly by not having an instant method, remember that many projects are developing now, but scamers are always there so you invest in popular coins. it would be better, if in a new project there must be examined further because it concerns your assets.