Why will you invest in something you know nothing about?

[biddicoin]

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.

Yes, sometimes we have to fail to learn something new
So, some people make mistake to invest in wrong place and learn to becarefull with it

But in this case, the wrong investment often happens repeatly, dont they learn from their experience?

Fortunately, those investors type reduced. so the shit project isnt much anymore
But there isstill a few shit project. IDK what really happened, or they just like gambling in cryptocurrency

[1714504965]

1714504965

[1714504965]

1714504965

[1714504965]

1714504965

[1714504965]

1714504965

[ameliana]

If we invite friends to join as investors, we must provide more knowledge about what Crypto is so that friends do not come from investments because they have been given enough knowledge to be independent, but if we only invite without giving knowledge, we will be wrong, moreover giving a statement can benefit quickly if we enter crypto of course that's wrong.

[gedarchitect]

It so disheartening to see newbies falling prey and investing in something they do not know about. To me i can never and will never invest in something i do not know nothing about because if i do am on the fence of loosing money. SOme newbies only love to buy without doing proper research or having no idea on what they want to invest in, some do not even know the risk involve in investing and trading altcoins/digital currency.'

[wxa7115]

It so disheartening to see newbies falling prey and investing in something they do not know about. To me i can never and will never invest in something i do not know nothing about because if i do am on the fence of loosing money. SOme newbies only love to buy without doing proper research or having no idea on what they want to invest in, some do not even know the risk involve in investing and trading altcoins/digital currency.'

Many believe that only happens in the market of cryptocurrencies because cryptocurrencies can be very difficult to explain to people and many do not get how they work or why they exist, but the sad truth is that this happens in all the markets, do you really think that most people understand how the stock market works? They don't, they hire people that they believe understand how the market works but they are unable to tell if the financial manager that they are hiring is any good because they know nothing about the markets.

And as such the majority of them lose money and they put the blame on the financial manager that they hired, the market, or the economy but at the end of the day they are the ones that are guilty by investing in something they do not understand.

[duyhuy100]

Cryptocurrencies, cryptocurrencies or cryptocurrencies are becoming popular in countries, typically Bitcoin (BTC). The value of these coins continues to rise sharply and help many investors get rich quickly, but it is these coins that have made many people fall into "misery" when their value plummeted several month later. Because there are still a lot of people who don't know the nature of these cryptocurrencies,

[Adriano2010]

I agree that people should never invest on something on what they don't know nothing about how work, and they should learn more even after tell them how work they should make some research and not stay all day on Facebook and waiting money to come.

[denasha92]

if some people investing their money into something that they didn't know, all they'll get is some loss. try to learn anything that new to you, so you can know how to avoid the risk before you investing your money. try to invest your money very carefully and try to get some lesson from some experts. their experience is really important for all beginners in crypto world.

[Chainsmokers]

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??

For beginners who have a close friend who is very familiar with cryptocurrency, I think giving him something to learn so he can better understand and understand about cryptocurrency is an appropriate way to teach him about how to invest and also trade. But for people who have just joined cryptocurrency and do not have a close person who knows cryptocurrency it might be difficult for them and maybe they can only get some knowledge from this forum for them to find out what often happens and what they can do.

[Asuspawer09]

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??

When im just getting started in cryptocurrency, investing and trading it was just like trial and error at the start. I think it was kinda difficult to teach someone if they are not interested I think to guide them is already enough and the rest is up to them to apply what they learn. If they wanted internet is open for information also we have this forum open for cryptocurrency questions and tips.

if some people investing their money into something that they didn't know, all they'll get is some loss. try to learn anything that new to you, so you can know how to avoid the risk before you investing your money. try to invest your money very carefully and try to get some lesson from some experts. their experience is really important for all beginners in crypto world.

I think we could easily like from the forums about investment or trading it was just like learning from the other's mistakes and also this could save a lot of beginner from losing money so I think it is worth it researching before risking your money.

[Marble777]

actually it all depends on the trust of each investor, we also can not forbid someone to not invest in coins whose clarity is unknown. but I believe that not all investors will do that and smart investors will not invest their money in bad projects.

[AbuBhakar]

I agree that people should never invest on something on what they don't know nothing about how work, and they should learn more even after tell them how work they should make some research and not stay all day on Facebook and waiting money to come.

Many do Facebook than to find real job, or use their social media accounts to create a job or business. Good are those who uses fb to ptomote their business, who do business in Facebook by selling their products. But those who just use Facebook to spy or stalk someone and not uses it for their benefits to earn then they just wasting their time. Facebook can be a way to earn now just by bounties but also business promotion for free or by availing their ads service.

[leyton11]

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??

actually it's not called investing, it's called gambling. Because every project is risky, but when you invest without knowing it is like you are throwing your money to others. Therefore, reading skill is very necessary and I encourage everyone to spend 1-2 hours a day to research about each project's whitepaper. or if you are not experienced, you can look to some of the groups that discuss investment and ask for help from the admin. You will get their judgment quickly.

[KnightElite]

That's the major problem why there are people who keep ranting and posting their concerns about their investment. They experienced loss and it is their fault because they do not know what they are doing. In every type of investment that we will do, we should equip knowledge that we can use to grow our capital and to protect it from the risks that we are currently taking.

[Pamadar]

I agree that people should never invest on something on what they don't know nothing about how work, and they should learn more even after tell them how work they should make some research and not stay all day on Facebook and waiting money to come.

Learning the process lessen the risk  this industry is not an easy to rich path but if you are willing to understand then the chance is big.
Never ever to invest without any knowledge you are putting everything into nothing. The outcome results only turned to losing your
money, protect your assets and learn everything first.

[TitanGEL]

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...

Investing means that you are aware and you know what is going on within the project, if you do not know what you are doing then it is gambling and it has more risks. We should know the information of the investment that we are doing. We can easily identify if that investment is worth taking or it is part of the garbage investment vehicle. We cannot have a high success rate if know what we are doing.

[julius caesar]

I am not going to invest if I know nothing about that thing. I always read things about it first so that I know if it is worth investing for or not. Also, having some knowledge about it makes the risk of losing money is gonna be low. We better have some knowledge about it first so that we know the possible income into it.

[tianglistrik]

I am not going to invest if I know nothing about that thing. I always read things about it first so that I know if it is worth investing for or not. Also, having some knowledge about it makes the risk of losing money is gonna be low. We better have some knowledge about it first so that we know the possible income into it.

knowing the investments carried out are indeed important, especially when we want to invest with large funds, and when investing with small funds we might be able to use them as learning as initial knowledge when investing. because if not, then there will be mistakes with the investments we make.

[Mpamaegbu]

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.

Certainly, a lot of us here did that as newcomers in this industry, buying into coins and tokens we didn't even know what they were all about. However, the truth remains that even knowing what one is investing on doesn't also guarantee success of profitability. Business generally is a risk, a huge risk if I must be blunt.

[meliodas]

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.

Certainly, a lot of us here did that as newcomers in this industry, buying into coins and tokens we didn't even know what they were all about. However, the truth remains that even knowing what one is investing on doesn't also guarantee success of profitability. Business generally is a risk, a huge risk if I must be blunt.

It is a high risk type of investment or business if you are not educated enough to go through it. Uneducated person will highly make greedy decision or without any calculation. Investing into any asset should go through a proper process which you should do a research about the asset to check if it is legit or not. After you check its authenticity, you should calculate if the potential return is worthy to grab.

[Polar91]

Probably people will not invest into something they don't really know because it is the first step to getting scammed in the first place. Investing into a project we don't know is like diving too hard into a dirty swimming pool where, we really don't know how deep it is. We might get hit directly to the tiles, or to successfully dive to a deep water but the water being dirty might just lead us to have bacteria related diseases. I think of this analogy to imply that we shouldn't invest in any projects we didn't know, because any way for use, it might lead our funds to a wrong hands.