Why invest on a project because someone said they are good?

[inanilujimi]

Because there is no knowledge and ambition to enjoy quick profits when investing.
For people like that still exist today and hopefully the people in this forum are not included in it.
Investing in crypto must count, unlike gambling, which only hopes for luck.

[Kevondo]

Because there is no knowledge and ambition to enjoy quick profits when investing.
For people like that still exist today and hopefully the people in this forum are not included in it.
Investing in crypto must count, unlike gambling, which only hopes for luck.

Stepping into a territory that is completely unknown can turn out to be a big mistake. Knowledge plays most significant role in attaining a successful life. Though crypto coins hold the ability to make its holders rich but tackling with all the changes is difficult without understanding the market first. Investments are never about luck. These include plans, research, patience and endless efforts to achieve goal.

[Fappanu]

Just because we rely on analysts does not mean that we should invest in these coins. It is best that we study it and find out what the potential is to increase the price of these coins. We must study the coins so that we can be sure of what analysts say because others are wrongly analyzed which will give us more losses.

[Chainsmokers]

I think this often happens for beginners who are just new to cryptocurrency or can be said to have just joined the cryptocurrency where they do not really understand what cryptocurrency is and how it can generate profits from cryptocurrency. So most of them will choose to ask others for advice rather than, read and understand more about cryptocurrency before starting to trade, invest or mining.

[target]

I think this often happens for beginners who are just new to cryptocurrency or can be said to have just joined the cryptocurrency where they do not really understand what cryptocurrency is and how it can generate profits from cryptocurrency. So most of them will choose to ask others for advice rather than, read and understand more about cryptocurrency before starting to trade, invest or mining.

The old users are also promoting the coins they have invested, this is about making money so all should be expecting that the we can hear unusual suggestion of coins to invest. But you can be assured that most of the traders will shill the tops coins in the market for they will not be on top unless these coins don't have the potential to dominate at least a certain percentage.