think before investing

[bitterguy28]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

Investing is far different from Trading , and in which your friend acted .

He sold his house to trade in something he does not understand , and that is to risky for everyone .

But if he invested instead? there is a man back in the years

Didi  Taihuttu

In 2016, Dutch national Didi Taihuttu, his wife and three daughters sold everything they owned to invest in Bitcoin when it was trading at only $900. “We sold everything we had – house, cars, motorbikes, holiday home, clothes, toys, furniture and [it] all went into Bitcoin,” Mr Taihuttu tells The National.

https://www.google.com/search?q=the+man+who+sold+His+house+to+buy+bitcoin&oq=the+man+who+sold+His+house+to+buy+bitcoin&aqs=chrome..69i57.11269j0j9&sourceid=chrome&ie=UTF-8

feel sorry for your friend and hope this will not happen to you.

[Fivestar4everMVP]

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

If your friend after buying or investing in bitcoin did hold it, and not try to trade, that is sell high and buy back cheaper like many of us do, he wouldn't have lost his money, his bitcoin would still be intact, So on that note, i will like you to know that investing per say, usually does not require much knowledge, in fact, someone you trust can help you invest in bitcoin or any other crypto coin of your choice, help you withdraw it and put it on the wallet you control the keys, you wouldn't have to do much but watch him or her as he or doing it, at the end, you own your bitcoin, but where issue arises if or when the such noob investor tries to sell and buy like a professional trader, the chances such a person will lose his or her money is very high, so i am thinking that this is what really happened with your friend, not that he invested in bitcoin and lost the money per say - this is if your story is even true by the way.

[Sim_card]

Your friend did the most foolish thing for going into trading without a single knowledge on bitcoin trading. I don't know if these newbies think that trading is like selling pizzas,where you sit down and whoever wants to buy can make an order or come to buy directly and if nobody buys the pizza will still be there. Trading is very risky and can lead even a professional trader to great lose if he makes some miscalculation. He would have invested and hodli for long instead of gambling with his investment. I am happy he has learnt that bitcoin trading is not a get rich quick thing but needs time to learn and understand before investing.

[Kaliandra]

sometimes there are times when investing in btc experiences losses, and I'm sure many people have experienced losses in investing in btc, and in the end they can become successful because they learn from experience or are taught by friends or relatives or learn via the internet and so on.

indeed, in investing in btc, knowledge must be prioritized and investing in btc due to lack of knowledge will have the potential for loss, so it is true what you said op, namely that knowledge and knowledge must be prioritized before investing or other businesses.

[benalexis12]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

If He sold his property. That means He bought Bitcoin?  Did He sold it? and when does this happen? It is because no one will sold their property if they're not gonna hold it in the long term,right? Because it seems that it is not clear to me if the Bitcoins that He bought has been already been sold.
And beside, your friend has a lot of options to do trade not to focus only on Bitcoin but to others that as a potential as well in the market.

[Sebas.tian]

Bitcoin investment is different from fiat investment, I don't know why some people are still selling their properties to invest everything on Bitcoin without having the knowledge of the investment. As a new investor, you have to look for a way to acquire knowledge of Bitcoin so that you will know when to buy Bitcoin and hold until the market price increase higher before you can release to make a passive income, which is a good skills many potential investors are using to achieved income from their investment. I believe, your friend will never forget this Love you showed to him by teaching him how to make a good income from Bitcoin investment.

[Smartgoat]

I think the aim of every man that are investing on a Bitcoin is to make profit. and no man venture into business for him or her to get loss. I believe for you to get into business, you need to get the knowledge about such business else you will loss everything. in Bitcoin, for you to sell, you must understand the up/down of the it. you can not sell, Bitcoin when it's dropping, you can only sell when it's Rising to avoid Losing everything.

[peter0425]

Then your friend should have just held Bitcoin instead of trading it, so he could have waited BTC price to increase to sell for profit at once, instead of risking it everyday through daily trading. And doesn't matter how experienced you are on crypto market, trading will be always a risky deal. The market is too volatile and you may end selling BTC cheaper than you bought, if you aren't a patient investor who forgot drawing long term goals when planning the investment.

well that already happened and there is nothing we can do about that , but this post brings a lessons for everyone that never treat bitcoin as how His friend did.
keep the funds intact , HODL it and try to wait for some time before considering to dispose and sell it.

[Smack That Ace]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

Investing is far different from Trading , and in which your friend acted .

He sold his house to trade in something he does not understand , and that is to risky for everyone .

But if he invested instead? there is a man back in the years

It is true that investing and trading are different, trading is a lot riskier. But for someone like OP's friend who doesn't have any knowledge about bitcoin, investing won't do him any favor either. Whether investing or trading, knowledge is required, otherwise, losses are inevitable, but losses in trading will happen faster than investing.
Imagine if he has no knowledge and buys bitcoin for $60k and when the market crashes, bitcoin drops to $15k, and he sells in a panic, that's not much better than trading.

[Outhue]

When someone exchange Fiat for Bitcoin on any exchange its called trading, he trade his Fiat for Bitcoin, this doesn't make him a trader, he can withdraw after getting his Bitcoin and hold, there is no risk in doing this and anyone who knows nothing about trading can do this, it still doesn't mean they are doing it wrong.

What is stealing peoples opportunity in crypto space is time, the time to buy and the time to sell, we are impatient souls, who always want something to happen very quickly and that's why many people's dreams were never fulfilled.

Master Sebas.tian, you can't get Bitcoin without Fiat, you need Fiat first even if you decide that you will never buy Bitcoin, to mine Bitcoin you still need Fiat to buy the Asic miners, which one is Bitcoin investment is different from Fiat investment?

Everyone knows their worth, if millionaires are also selling properties to acquire Bitcoin I don't think that those doing it on this forum are stupid, just because OP friend lost all the money doesn't mean using properties to buy Bitcoin is a bad idea.

[Bd officer]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

Just as there is the prospect of profit by investing in Bitcoin, there is also the possibility of loss. Investing in Bitcoin is risky. Again, success cannot be achieved easily without taking risks. Investing in Bitcoin requires acquiring good knowledge about Bitcoin. Op your friend loses money by investing in Bitcoin without gaining any knowledge about Bitcoin. Your friend should first get all the ideas about Bitcoin. If your friend had held Bitcoin for a long time, he would not have suffered so much loss.

[reagansimms]

Should I believe everything you have just told, someone who is new to Cryptocurrency (Bitcoin) will certainly be very confused about how to start getting Bitcoin from Zero. At least he has to register on an exchange to trade Bitcoin, then deposit some money for the initial capital, then he must be equipped with knowledge of how to trade it.
There is a lot of knowledge that needs to be learned before getting involved in Bitcoin trading, anyone can trade in Bitcoin without any age limit. The first thing that is most important before you dive into Cryptocurrency you must be equipped with knowledge on how to become a reliable trader, Bitcoin is not just about profit but there are risks that must be considered.

[rodskee]

I think the aim of every man that are investing on a Bitcoin is to make profit. and no man venture into business for him or her to get loss. I believe for you to get into business, you need to get the knowledge about such business else you will loss everything. in Bitcoin, for you to sell, you must understand the up/down of the it. you can not sell, Bitcoin when it's dropping, you can only sell when it's Rising to avoid Losing everything.

indeed that everyone is here to profit but at least people must understand the risk before gaining and this is not your friend seems to uinderstand before dealing with this market.

[sunsilk]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

I am skeptic about the story but there's a real story that has happened the same of what you've told. Those people that have been caught by hype will invest and do crazy things such as selling their properties and everything to invest.

That's a wrong move, you don't do that because even the best investors when you told them something that you can earn with. They won't believe you quickly and they have to study it first should they invest.

We don't want people to do nasty things upon investing in Bitcoin. Because the negative feedback goes back to Bitcoin as if it is Bitcoin that made them lose and not themselves.

[synchronym]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

I don't find it believable that as op said his friend has no idea about bitcoin yet he sold his land to invest in bitcoin. That's because if I want to invest in something, of course I don't have a good idea about it, but I have a partial idea, then I will invest there, and an important thing like selling land. The op said that his friend lost everything, but I think that in Bitcoin, if Shaw stroke. Even if he keeps his entire capital will not be lost he will sell it when its value increases otherwise he can withdraw what he has. DCA is very important for those who are new to bitcoin and want to invest in bitcoin like op friend.

[Z-tight]

I think the aim of every man that are investing on a Bitcoin is to make profit. and no man venture into business for him or her to get loss. I believe for you to get into business, you need to get the knowledge about such business else you will loss everything.

Your analogy is kind of incorrect because BTC is not a business in itself, it is true that if you are an investor who purchases BTC, you'll surely want to make revenue, but you may not enjoy the benefits of BTC if you take it as a business. Trading is risky and it is not for newbies, and as for investing, you must know what you are doing as regards how to keep your funds safe.

Bitcoin investment is different from fiat investment

Is there anything like investing in fiat that is inflationary?

[ajiz138]

Invested, but lost everything in bitcoin trading? Did he do futures trading and lost everything? Because if in spot trading it is impossible to lose everything except in trading shitcoin.

If the goal is to invest but why do trading if it is not in his realm of ability? If investing is quite simple, just hold bitcoin and it will not lose if he never sells it and will even tend to profit for a long time.

All forms of investment and trading then obviously they must know how it works otherwise he will lose what he is doing.

[Issa56]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin.

If your friend invested in bitcoin, he wont have lost everything maybe he was trying to trade bitcoin that was why he lost all his money, but your friend is kind of funny, why will he sell his property to invest or trade what he those not know anything about, just because he heard that people are making money, then he went to sell his property, am sure he will regret his actions and will do similar thing later in the future.

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

Hope you really know about bitcoin before guiding your friend? I notice your account is new on the forum here, actually you might have been in crypto space for a long period of time and you might just be joining the forum here, because have seen some posts here where newbies that are suppose to be learning about bitcoin are teaching people about bitcoin, but if you really know about bitcoin then its a nice idea guiding your friend. Hope you told him not to store his bitcoin on exchange, no exchange is safe, so make sure you are having full control of your money, tell him the appropriate wallet to store his bitcoin, and the best way to secure his private key, it should be stored offline and he can easily carve it on a iron steel.

[Blitzboy]

An investor without the correct information, counsel, or even basic expertise may be in a risky situation. You see, understanding how complicated the purchase is before committing is crucial, if not critical.

Despite sounding repetitive, trade education is crucial. In a roundabout way, your friend's experience illustrates this. Your friend's example indicates that learning about Bitcoin, understanding it, and getting the notion is very crucial.

[Lorence.xD]

I became more interesting on this topic when my friend hard about the profit on trading and investing on bitcoins.without  the ideas or knowledge about it. because he only hard  that, there are high profit on investing on Bitcoin. without knowing how Bitcoin is been trade. he went and sold his property to invest on Bitcoin without been knowledgeable about it. he went ahead and invest but loss everything because he doesn't know how to trade Bitcoin. 

He came and told me everything. i feel pity on him, and started teaching him how Bitcoin is been trade and invest. He was very serious to lean and now his happy and his doing very well. in every business or investment you are in backing on, I think you need to lean and be  knowledgeable about it before you invest on it.

From your post OP, I think you're saying that your friend "invested" but in the next paragraph you said he loss everything by "trading". Which I think the those two are different thing because if you invest at Bitcoin anytime you could decide whenever you want to sell even if it's on low value as long as you are holding then it reaches your aim value then you have a profit. While trading is like a short time you could earn money but the fact that it's too complicated since it's more riskier than investment. Some investor would literally try things out especially if they heard that there are some easy money like in crypto.

Because they have the mindset of high risk, high reward but if you don't have any knowledge about it then most likely it wouldn't succeed especially in crypto. Because in some investment such as business, we all are aware on how to run a basic business so even a simple knowledge would do as long as you have the funds. But never ever risk something that you will be needing just to risk it on something you don't know, it's just the dumbest thing to do.