Being Knowledgeable before Bitcoin investment is very Good

[Chilwell]

for me it was actually a bad idea consorting everyone for investment advice because you could be lured by scammers to invest on a shitcoin as such loosing all your money

The direction of your message is clear to me, and I believe that gathering people in the forum is a better idea. The forum is not without scammers, but I am confident that the good people outnumber the scammers. If anyone can notice, this forum is full of experienced and intelligent people who can correct your mistakes immediately after you comment. Furthermore, the moderator is very sensitive to the activities in the forum, and if the post is against they will remove it. So the forum is far simpler than the Google you advocate; I'm not against Google; it's simply that someone is more vulnerable to scammers in Google than in the forum; rarely do you dedicate scammers in Google.

[karabiber]

When you go to school , University or whatever  it is, this is what they say because they are going by the book but in reality you need to go off script sometimes!

But let's face it, the reason most of us aren't crypto millionaires today.. is because we want the knowledge for us to be convinced to invest,but fortunately the early hodlers were probably told of the potential that lived within bitcoin and the put down a couple of dollars on them without thinking twice and didn't need the knowledge...and that leap of faith today made them millionaires. I suppose the 10,000 bitcoin pizza could relate to this of not having the knowledge,  but all in all sometimes it's all about the gut feeling and taking the risk.

One of the biggest mistakes you can make as an investor is to start trading based on your instincts. I can't deny that you can get some positive results this way but it could just be a result of luck. You need an appropriate plan to manage your risk and achieve consistent results. People took risks by investing in things they did not know in the early formation of crypto markets and those who hodl took a big risk and got rich. I don't believe it was done in a planned way and it was purely a risk luck factor. Today, we must act by making a plan after the stones are in place, not by taking risks. Because the number of scammers in the market is unexpectedly high. We have to be knowledgeable and plan ahead.

Your trading plan should be a system that you create with your experience in the market to get the results you are aiming for. Before creating the plan, you must be informed. Open sources on crypto markets are plentiful and a newcomer has an advantage in knowledge. The most important thing before investing is to invest with the money you risk losing. I know it's a classic statement but it's always a situation that will protect you against risks and give you an advantage for your new investments. It is better to be knowledgeable than to take risks.

[blackened515]

for me it was actually a bad idea consorting everyone for investment advice because you could be lured by scammers to invest on a shitcoin as such loosing all your money

We have both legit and scam project in the market, we just apply caution when dealing with these project, because these days, even the legit looks like scams. We ought to keep everything to ourselves and only expose our plans to some peers, the important ones that can contribute positively to the market and our ideas. Asking everyone for advice, remember we have both profitable traders and the opposite, who would want to take advise from someone that barely see profits in the space, we are all by ourselves and preparing for whatever outcome that lies ahead.

[rikybrosh]

if someone don't know about something then he or she must asking to another people who have experience or knowledge about it. this forum if the best place to seeking for answer. something that I can inform or share to people that really new in this cryptocurrecny world are we have to know about bitcoin halving, masternode, minning, faucet, bounty campaign, pump and dump price, and etc. these are small things that atleast they have to know so they can be more prepared. i don't suggest them to looking information in social medial such as youtube, instagram or etc, because not all informations there are valid because no one has strong enough to control them unlike this forum who has rank to convince people if there is something wrong.

[Gulttam2a2]

I think so too. But what you say about scams are there really scammers in bitcoin. However I have never seen a scam. I agree with you that before investing in bitcoin you need to have full experience with it.You have money you want to invest in bitcoin. But if you don't know anything about it then you won't be able to profit. Before investing in Bitcoin, you must be a good trader. You should take some tips from experienced people in this trading. Because the price of Bitcoin usually goes up and down.

[Blitzboy]

When you go to school , University or whatever  it is, this is what they say because they are going by the book but in reality you need to go off script sometimes!

But let's face it, the reason most of us aren't crypto millionaires today.. is because we want the knowledge for us to be convinced to invest,but fortunately the early hodlers were probably told of the potential that lived within bitcoin and the put down a couple of dollars on them without thinking twice and didn't need the knowledge...and that leap of faith today made them millionaires. I suppose the 10,000 bitcoin pizza could relate to this of not having the knowledge,  but all in all sometimes it's all about the gut feeling and taking the risk.

One of the biggest mistakes you can make as an investor is to start trading based on your instincts. I can't deny that you can get some positive results this way but it could just be a result of luck. You need an appropriate plan to manage your risk and achieve consistent results. People took risks by investing in things they did not know in the early formation of crypto markets and those who hodl took a big risk and got rich. I don't believe it was done in a planned way and it was purely a risk luck factor. Today, we must act by making a plan after the stones are in place, not by taking risks. Because the number of scammers in the market is unexpectedly high. We have to be knowledgeable and plan ahead.

Your trading plan should be a system that you create with your experience in the market to get the results you are aiming for. Before creating the plan, you must be informed. Open sources on crypto markets are plentiful and a newcomer has an advantage in knowledge. The most important thing before investing is to invest with the money you risk losing. I know it's a classic statement but it's always a situation that will protect you against risks and give you an advantage for your new investments. It is better to be knowledgeable than to take risks.

Trading on instinct is like trying to sprint before learning to walk, especially in unpredictable markets like bitcoin. While its true that some of crypto's earliest users may have lucked out more than they planned, the playing field has subsequently shifted significantly.

You make an excellent argument about the rise of false information and bad actors. The safest bet against these dangers is a well-thought-out strategy that is informed by facts rather than gut feelings. Like a GPS for your assets, it helps you avoid traps and get the most out of your money.

Equally significant is your insistence that data is easy to obtain. There is no shortage of open resources, and they are essentially gold mines for rookies. But how can we tell the fake from the genuine? This is when careful investigation comes in.

[irhact]

i don't suggest them to looking information in social medial such as youtube, instagram or etc, because not all informations there are valid because no one has strong enough to control them unlike this forum who has rank to convince people if there is something wrong.

Social media is one of the worst places to look for information or try to educate yourself because social media is all about fake life and trying to oppressed others. If you want fake life and fake advise, social media will be perfect place to go but if you want real information, the forum is the prefect place for you because we have lots of genuine lovers of Bitcoin in the forum that'll go extra miles to make you understand what you're asking about.

Social media are full of paid influencers which means the information they're giving to you has been paid for by some project and they'll try to sell you the ideas of that company or project and not the truth. For example, they'll tell you centralized exchanges are the best exchange.

[CryptSafe]

The haste of making money fast is not easy to escape unless you don't have the money yet, and that's why I believe that your point is valid, if you don't have the money for investment you can have time to lead about Bitcoin and how to be safe in this crazy wild west.

I've learned a few things the hard way in crypto but I have heard about the worst cases of new investors that are close to me, that's when I understand that mistakes can be avoided only when you don't stop learning, and also your mistakes will be limited compare to those that don't create the time to study the most important things in Bitcoin investment.

Indeed making money is not easy as you think. It requires patience, commitment and perseverance to accomplish.  The course of quick money sometimes is as a result of greed and impatience and it leads to one falling prey of scammers because they would believe anything they are told without digging into it to do a research themselves to know if truly they are hearing the right or wrong thing.

As you have said, mistakes can be avoided when one devotes their time to acquiring knowledge through research and reading. This would give them exposure to what they are inquisitive about thereby  enlightening them more about the matter for which they seek to know as the case may be.

[Vaculin]

Not only Bitcoins, but also in each and every type of investment, if you have the proper knowledge, then definitely you will make the most profits out of the investment. I have seen many people after investing in Bitcoins for a week starts complaining that, the price doesn’t go up. They don’t know how market works and don’t know the concept of supply and demand, hence the prerequisite knowledge is definitively the top priority here. It also helps to minimise the risk involved in the investment.

Being knowledgeable is a must, not just when you plan to enter investments, but even when you decide which path to take so you can be more successful in your endeavor. I think that’s the secret of successful individuals today, equipping theirselves with knowledge and skills first prior to their decision making. Most especially if you decide to enter bitcoin investment which is very volatile and unpredictable, then the more that you’ll have to armor yourself with adequate knowledge and working strategies so that your investment will create higher chances to succeed. Otherwise, investing will turn into gambling if you don’t even know what you are doing in the first place.

[aioc]

I may not be the right person for investment advice that's why I'm asking everyone to share their advice, views and knowledge incase something like this should come up, so people could learn and no what must be done before going into investment.

That's the right thing to do it's a case of the horse should be the one pulling the cart, knowledge is important and powerful, it will save you from losing your investment from market volatility and from investing in shitcoins and from getting scammed.
There's no reason why you should not learn or study what Bitcoin is and how to properly invest in Bitcoin because everything is free to learn everything about Bitcoin and how to invest.
People should not be lazy and stopped from learning and getting updates on what's happening in the market and the industry, learning is a continuous process when it comes to investing in Bitcoin.

[KiaKia]

Lack of money to invest in Bitcoin is the only thing that can make someone spend time on learning about Bitcoin, and that is if they found Bitcoin to be interesting, if everything is money to you, the patience won't be enough and you will want to get into business straight away, but lack of money can help you slow down and you will end up reading and reading to know and understand what's happening with Bitcoin and how people are really making money through Bitcoin, actually I am using my own past experience to give advice here, there are possibilities that I would have make many mistakes in crypto space if I don't take my time and started my journey when I don't have money to invest.

[Bitcoin_people]

When a person learns about Bitcoin he considers various aspects and needs general knowledge and skills. When a person is interested in investing in Bitcoin, he must know Bitcoin well. Before investing, one must take advice from a knowledgeable person, otherwise investing without understanding risks facing losses. There are many people who go into investing in Bitcoin without researching it and subsequently incur losses. So it is better to invest after researching the investment well first and getting detailed advice and education about the Bitcoin market. And a new investor must be wary of the volatility of the Bitcoin market and invest with patience. Of course, before investing you need the advice of a knowledgeable person, then in the future you will be able to position yourself as a good investor by gaining that knowledge.

[GeorgeJohn]

I think so too. But what you say about scams are there really scammers in bitcoin. However I have never seen a scam. I agree with you that before investing in bitcoin you need to have full experience with it.You have money you want to invest in bitcoin. But if you don't know anything about it then you won't be able to profit. Before investing in Bitcoin, you must be a good trader. You should take some tips from experienced people in this trading. Because the price of Bitcoin usually goes up and down.

Actually your point is meaningful but I want you to understand one of the concepts of investment and people that does the practical is entrepreneurs " a business man and woman but be a risk taker" and for you to be a risk taker that doesn't mean that you have understand the primary loopholes of the kind of the investment you want to venture into, but I really want you to understand that bitcoin investment is like any kind of investment that can make away with your fund's if you have not understand the terms and conditions before venturing into it, but if we should consider mastering or knowledge the protocols of bitcoin or any other investment before venturing into it, that means nobody will like to lose for any average investment it involves its fund's, a risk taker don't need to master a business before investing it's money. But it's good to know some secrets of a business before investing but that does not mean its necessary for entrepreneurs.

[AnonBitCoiner]

Yes exactly one should get knowledge personally as world is full of scammers thats why trust even in innocent person is difficult. If one hear about bitcoin success and if he cannot trust anyone then taking knowledge from YouTube and Google will be helpful for him.

Sharing knowledge is better but sharing your personal information is not  good ide because through sharing knowledge other will take interest in it but through sharing personal information your bitcoin will be hacked by other person and you will not be able to do anything.

First learn from crypto users then from YouTube videos and after that if you learn completely then put little amount and you will get further knowledge through personal experience.

[The Cryptovator]

Investing is not solely about Bitcoin; it applies to any investment, whether in the digital or real world. Thorough research is essential before making any financial decisions. It is crucial to consider both the positive and negative aspects of your investment. This is particularly important when it comes to investing in cryptocurrencies, where extra caution is required. A single mistake can result in the loss of your funds. Therefore, it is necessary to dedicate ample time to researching cryptocurrencies and determining which ones are suitable for you. Remember, your future is influenced by your investment choices, so don't blindly follow anyone's advice to invest in crypto. Always engage your critical thinking and assess whether it is the right decision for you. Avoid making decisions based solely on emotions.

[Finestream]

I saw the guy post and I don't think the guy did well of coming to the public for such. That amount of money to invest in Bitcoin is a huge amount. And as you said, a fraudster might corner him and chats him up to invest on some Ponzi schemes and collect all his money. I was not also in support of coming to the public and tell the public that he has such amount of money and was looking for an advise to invest. Scammers use different methods to lure people to scam them. As it is said before by other users that, investing in Bitcoin is not hard as trading. You just open a trustworthy open source wallet and buy any amount of Bitcoin and store it there.
Scammers are very subtle that they can deceive you to give them the money so they can use it to invest for you.
Be wise when dealing with the public. There are good and bad eggs.

With this type of approach, this man is only putting himself at risk of losing especially when he publicize that he’s got a huge amount of money and that he’s looking which best coin to invest. Seems like that he’s really innocent on what he’s doing, one thing that we should never do and let other people know since they will use it against us by taking advantage of our weakness just to steal our money from us. The reason why knowledge is a must before investing, not just for bitcoin but to all uncertain investments that need knowledge and investment strategies to make it successful.

[GideonGono]

Knowledge is power, and I believe that it is true if you are knowledgeable you know how to handle most things or events, and that also includes in crypto or investment.
In order to be successful we have to learn how to manage our investment and when to trade our asset, so it is important to know more before investing and to avoid being scammed.

[Adbitco]

Naturally it depends on the individual who wants to invest because I know that someone like you won't be allowed to be scammed by some fellows over here or even invest in a shity project. What mostly I do encouraged newbies investors is not to invest in any project other than bitcoin because I understand that bitcoin is more secure and trusted than altcoin and there's every likelihood of losing your investment with altcoin.

Google is something that is too risky, I won't even encourage you as well to use google for whatever that related to financing and investment advice because nowadays google most times promotes scam site as ad and immediately you typed and search you may like get wrong information & link. So whatever advise you need concerning your investment journey you got them from forum, this forum is widely enough to give you whatever information that concerns bitcoin and any other altcoin related issues.

[GigaBit]

Knowledge is power, and I believe that it is true if you are knowledgeable you know how to handle most things or events, and that also includes in crypto or investment.
In order to be successful we have to learn how to manage our investment and when to trade our asset, so it is important to know more before investing and to avoid being scammed.

Appreciate your thought. It is very important to know well before making any kind of investment. If an investor cannot acquire proper knowledge then he will not be motivated to invest. Those who invest without knowledge will not find the right investment platform. Moreover, an investor must acquire sufficient knowledge to make good or bad choices. Scam projects on crypto platforms always try to pass themselves as legitimate. To know how to control yourself from all these scam projects so first of all give priority to gain knowledge.

[dzungmobile]

It is very important to know well before making any kind of investment.

To get knowledge, a person will have to make research or better due diligent research. It does not mean that person will be exposed to accurate knowledge but at least it is a right procedure to do. Repeating it will sharpen skills for due diligent research which is helpful later.

If an investor cannot acquire proper knowledge then he will not be motivated to invest.

I don't think so. People have many reasons to be motivated and make their investment. A biggest reason is to get rich, investors always want to get rich but they can be intelligent investors with knowledge or gambling investors without knowledge.

Those who invest without knowledge will not find the right investment platform.

Not all. It depends on luckiness like who introduce them to investment. If luckily introduced by a good and knowledgeable person, no issue. If unfortunately invited by a scammer, big problem and will lose money.