Why will you invest in something you know nothing about?

[target]

People may try to invest without knowing when they hear good about it in youtube. Bitconnect is one example of the project where people tend to see it good when the truth it isn't. The victims don't know anything about the project but because it sends out dividends to the holders, investors rush in to buy the coin.  There are also investors who are just trying to win few bucks to the coins being pumped. They know nothing to the project but when they see green, they buy. It happens regularly and I was just one of those who invest to it years ago.

[Strongkored]

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.  -snip-

I am a little disagree with this, the most appropriate does not need to be an expert in the blockchain or crypto, but at least you must understand how crypto works and also the market, so it is not easy to be fooled with friends who invite to invest.

[max6575]

sometimes as investor works on decision with appeals as expending uses on customs with casual basics on technical competence the return helps on entrance as might to follows on release with option to gains with shifts as expecting of more on offers with the higher stages of compliance.

[coin-investor]

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 have an article here that explains

If you are going to successfully invite people to look at Cryptocurrency, you should Do Away With The Investment Part First

https://bitcointalk.org/index.php?topic=5196412.msg52897407#msg52897407

People should first understand what they are investing in before investing what they can afford to lose, these are the two rules that must govern every investor.
People should just ignore what people are saying on what coins to invest, learn the basis and the advance course of investing in crypto and you will never be misled.

[otto93]

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".

,
You just brought it all put in a summary, i so much get disappointed in those who taught they are playing smart but end up been the dumbest on the block, oh really so sad

[dioanna]

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??

Very true, if you want a more secure and assurance to your investment or trade better know the details
Do not be greedy do not listen to sweet words and promises of big returns.

[Gotumoot]

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??

Often they invest because of the high returns they receive. But they don't look at the risk they can face, so scammers can easily fool them. And it's also our fault sometimes that we teach them to invest in such hyips because we want to make a big profit. This is the truth, we must teach them what to do and avoid so that they are well aware of the crypto currency and can no longer be victims of scams.

[Golftech]

The statement is clear enough to send the message. Why bother to force someone to invest with something that they know nothing of? It's just common sense and practicality. If you want to invite someone or teach someone with opportunities that you acquired, it's always a must to allow them to learn everything first before convincing them to put money for investment. It's your obligation to make sure that he knows what he's doing about his investment so won't rely to you from time to time.

[knuckey]

You are right, but it is very difficult to get rid of the greedy nature that often arises when given the promise of high profits, such as the ICO or altcoin hype at that time. Many newcomers are trapped and suffer losses due to carelessness and do not know about their investment.

Therefore a community is the right place to learn and share experiences or knowledge to make us better and wiser in investing.

[btcdie]

This is the era of the internet, dude. as if the scammers will be more free again in finding the victim. It's funny if there are people who are too greedy and then whine because of investment without understanding the project system. greedy people like people who do not have a brain in my opinion, the average greedy person will not think in the future and only money in his mind. I think it's a matter of greed. Logical people definitely prefer to understand first.

[Shasha80]

I personally will not invest in something. I know nothing about it because it is very risky at all, it will make us hit by a scam
or experience losses. But if there really are people who want to invest in something they know nothing about it purely because
they are lazy to learn the project, FOMO, or greed so you can't think of logic. Usually these people end up being victims of scammers.

[Colt81]

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??

Indeed. It is hard to take risk in something that you don't have any idea because you could lose a lot of money to it, that is why if some of my friends starts to ask me about investing or buying cryptocurrencies, i try to explain to them the things that they should know about blockchain technology and cryptocurrency for them not to be ignorant and for them to avoid getting scam.

[Febo]

Why will you invest in something you know nothing about?

Most people invest in their cars, but have no ideas how they  work under the hood. How is possible they pout fuel in and then press pedals and it drives them wherever they want.  Amazing!

[o48o]

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??

Don't know about long time investors, but sometimes holding something a week for a swing trade can be very profitable with a right looking chart. It's actually easier to execute sell orders when you don't have any delusions about the company or feelings towards their fundamentals. And i understand that perfectly, i've made profitable sells with something i didn't even care to own.

[red4slash]

You are right, but it is very difficult to get rid of the greedy nature that often arises when given the promise of high profits, such as the ICO or altcoin hype at that time. Many newcomers are trapped and suffer losses due to carelessness and do not know about their investment.

Therefore a community is the right place to learn and share experiences or knowledge to make us better and wiser in investing.

You must train yourself to be psychologically calm in order to invest when investing because of the greedy nature is very disturbing when doing research. therefore you must study the project thoroughly in order to find out about the project that you are investing so that you can benefit from the results of your own research

[xiboothrezi]

One mistake that is often made by many people is: investing only because of the trend. We know that cryptocurrency has grown in popularity since the price of bitcoin peaked in 2017. Remember, there is no instant success, all need a process to get the best. Moreover, cryptocurrency is quite complicated for beginners, you should really study this ecosystem, you can't if you just follow trends and luck.

Indeed. It is hard to take risk in something that you don't have any idea because you could lose a lot of money to it, that is why if some of my friends starts to ask me about investing or buying cryptocurrencies, i try to explain to them the things that they should know about blockchain technology and cryptocurrency for them not to be ignorant and for them to avoid getting scam.

Yes, if we do not understand the risks, we cannot determine strategic steps to reduce the impact of these risks. All will end in vain and they may be blamed and consider cryptocurrency dangerous. So, let's pay more attention to what we do, and share information and educate those closest to us so we don't get caught up in fraud.

[White Christmas]

Then try to influence and teach them about cryptocurrency and blockchain technology for you to influence them and make an investments in crypto. As usual people will not invest on something that they don't know about or even don't have any idea on how they will earn money, they will just think it in a negative way if you did not teach them, right? So for them to invest they must know first on what they are investing by teaching them and influencing them.

[Bananington]

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 usually educate the people I introduce to crypto properly, starting with the risk involved in crypto investment owing to the volatile nature of cryptocurrencies. I've seen a lot of "cry babies" who probably invested in crypto having big dreams of "getting rich quick" with their investments, and probably got disappointed along the line. The blame should be put more on those who introduce people to crypto investment without properly educating them.

[dataispower]

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??

The big question should be; why will someone even invest in crypto without understanding the risk involved? It's funny how people only think about the positive aspects of investing in crypto, without putting into consideration the negative outcomes. No one should invest in something they don't have good knowledge about, it's that simple.  

[bvg96634]

One of the main problems of crypto investors is greed. Many people stop analyzing projects in pursuit of profit. Everyone wants to make money, but not everyone wants to spend time researching a project. We should all be careful when choosing a project for investment.