think before investing

[Onyeeze]

knowledge is very important, some new people buy bitcoin and hope that bitcoin price rise after they bought it. they see bitcoin as magical thing that will change their life. DCA is very improtant for new people who invest in bitcoin.

You are right, because if you don't have the knowledge of bitcoin you won't prosper well, because some newbie do think that bitcoin investment is all about making profits always and they doesn't think of the negative side of bitcoin, what I know concerning bitcoin is that you have know about bitcoin by Learning bitcoin and understand the risk that is involve in bitcoin, that is what I want some people who think that their is no loss for bitcoin investment. Another thing that is important in bitcoin is to know when to buy and when not buy bitcoin so that the expected profit can be achieved

[1715320467]

1715320467

[1715320467]

1715320467

[bettercrypto]

Everywhere it is when it comes to investment issues you should really know it first so that the capital to use here is not fun. So we call an investor because we are looking for a job or using our money to grow, and no investor does not want his capital to grow.

So it is always nice to have a habit of an investor who learns before you earn, it's hard to think of earnings right away.

[DaNNy001]

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.

This is totally the effect of acting with your feelings and emotion not with your brains because if you have totally self consciousness of your with you been influenced by all what you have been told about how Bitcoin investment can get you rich then you would probably think and take possible action of making proper research before going into crypto investment with your full capital because it's just share stupidity to actually invest on something you have little knowledge about.

[lousie9]

Everyone certainly has to think long and hard about doing something, especially if it is risking their money or possessions. Investing in Bitcoin is not as easy as turning our palm and then we can get profits quickly.
We must first understand and learn basic knowledge about crypto, Bitcoin and how to invest and many other things.
If we only think about the benefits but don't want to study it first, then we can be sure that someone is messed up and might fail, including investing in Bitcoin.
Investing is an activity to take profits, but in the long run, not immediately after we put our assets in investing, we will immediately benefit.
There are already many people who are careless in investing because they do not do research first and learn the basic knowledge about what they are investing in.

[lienfaye]

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.  

Investing on what you don't know (or you didn't take time to gain knowledge) is like gambling since you have no idea of what you're getting into. Joining the ride just because you heard other investors are earning through trading Bitcoin is not sufficient to just engage yourself without much effort to know the basics. Because it's a basic rule to fill our minds with knowledge to be aware of what we should do.

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.

Nice to know he learned his lesson and now doing good. Sometimes it's not bad to fail if it can make you realized what you did wrong to improve yourself. That's how you can become better since you already experienced the mistakes that you must not do the next time you try to invest/trade.

[Marvell1]

How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.

OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge.

Well his friend has the right to do so given that it's his property. You might want to give him warning but if he still choose to continue then no one would stop him from doing so. Let's just accept the some lessons aren't learned easily, there are times it would be thought the hard way.  Let us hope that atleast he learned something from iy and props for him on continuing where he have taken a loss.

But it looks like @OP's friend listened to him and according to @OP, his friend is doing fairly well after receiving the lectures and accepting @OP's suggestions.  I am happy that it bodes well for @OP's friends.

If OP's friend had shared that before he sold the property, it wouldn't have turned out this bad. But I doubt newbies won't listen to anyone's advice because they're stubborn and always think they're right. Newbies only accept our advice when they stumble and lose, only then will they learn to listen. Although, OP's friend lost all his assets, but in exchange, he learned a valuable lesson. I believe that if he listens to the OP and tries to learn from scratch, he can one day regain what was lost. As long as we don't give up and keep trying, nothing is impossible.

[pinggoki]

If OP's friend had shared that before he sold the property, it wouldn't have turned out this bad. But I doubt newbies won't listen to anyone's advice because they're stubborn and always think they're right. Newbies only accept our advice when they stumble and lose, only then will they learn to listen. Although, OP's friend lost all his assets, but in exchange, he learned a valuable lesson.

That's kind of weird for a newbie to not follow anyone's warning or advice if you ask me, if I was a newbie, I'd be asking a lot of questions about the stuff that I want to know about the stuff I'm getting into, that kind of attitude of leaping in faith is arrogant in my book. I guess OP's friend losing that money is a lesson learned albeit an expensive one but could've went something much better although I can't articulate what should've been done.

[AicecreaME]

Trading and hodling Bitcoin is entirely different.

Trading is risky, so I will agree to you that your friend must prepared himself well before engaging in trading, since it is not easy as it sounds. It requires a lot of knowledge about price chart prediction and how to read them to be able to make a technical analysis. Hodling on the other hand just requires time, and a lot of patient, because it's a game of waiting after buying in the deep.

[Blitzboy]

Everyone certainly has to think long and hard about doing something, especially if it is risking their money or possessions. Investing in Bitcoin is not as easy as turning our palm and then we can get profits quickly.
We must first understand and learn basic knowledge about crypto, Bitcoin and how to invest and many other things.
If we only think about the benefits but don't want to study it first, then we can be sure that someone is messed up and might fail, including investing in Bitcoin.
Investing is an activity to take profits, but in the long run, not immediately after we put our assets in investing, we will immediately benefit.
There are already many people who are careless in investing because they do not do research first and learn the basic knowledge about what they are investing in.

I guess you're partly right? People interested in Bitcoin should research first. Just like investing in anything else. You may purchase a house, collect stamps, or consider "shitty banking"

Im just wondering out loud, but doesnt any activity require some understanding? Going to a forest without knowing its animals may be a treat. Maybe not. I may be overstepping. Do you comprehend? But you might not. Bitcoin investing may be similar. Or not.

I agree that care is lacking. Crypto's fast gains attract those who dont comprehend it. Life's an adventure, right? occasionally you have to jump into a pool without knowing its depth, and occasionally you must know and jump. It depends on perspective

[Smartgoat]

though I feel bad about your friend losing his money through trading Bitcoin, but I think he's foolish to sell his property and use the money to buy Bitcoin and trade without any knowledge about it. the dude literally wasted his money because he got too greedy when he heard about "high profit" when trading or investing in Bitcoin. glad the friend is doing well though(at least according to your post).

I did not blame him that much. because he hard about Bitcoin at the first time and the benefits and gain on it, why trading it. Normally trading of Bitcoin give money if you know what you are doing. he loss huge amount of money because of Bitcoin, but I thank God today, his also gaining huge amount true Bitcoin.

[Weawant]

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.

Not learning before starting is a common mistakes with newbies interested in investing in Bitcoin, they don't know anything about Bitcoin but what to start making profits and they fail at doing it because they didn't learn before starting to invest in bitcoin or trading it.

When you don't know about a new business, don't think you can make profits without learning about the new business before you start doing it. Trading  and investing in Bitcoin are different, investing doesn't come with much risk but trading has the risk of losing your capital.

And that's what your friend was doing. Only those that have learnt how to trade should be trading and those that haven't should learn first because without learning, they won't have any experience to rely on to help them make profits from the market and they'll give up quickly.

[Inwestour]

If OP's friend had shared that before he sold the property, it wouldn't have turned out this bad. But I doubt newbies won't listen to anyone's advice because they're stubborn and always think they're right. Newbies only accept our advice when they stumble and lose, only then will they learn to listen. Although, OP's friend lost all his assets, but in exchange, he learned a valuable lesson. I believe that if he listens to the OP and tries to learn from scratch, he can one day regain what was lost. As long as we don't give up and keep trying, nothing is impossible.

If a person sold his property to start trading and ended up losing everything, then how can he start all over again if he has no money left to trade. This is a very difficult case and it may take a long time before he can trade again.

The mistake was that he started trading without proper knowledge, it would be more sense if he bought bitcoin for the long term, this would significantly increase his chances of success. Maybe in a year or two a bull market will come and we will see a good growth of the entire market, but whether before that time he can raise funds to buy bitcoin, or if bitcoin no longer falls well below 30k, but only gradually rises until it reaches a bull market, in which case the optimal time will be lost. Hasty action without proper knowledge will almost always lead to loss of money.

[yudi09]

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 sold all his properties and invested in bitcoins. Because he didn't know how to invest in bitcoins he lost everything.
Is it possible for someone to invest without having any knowledge, even though there are such types of people but the numbers can be counted on the fingers.
As long as your friend buys bitcoin and the amount is not intact, then the bitcoin will not be lost, unless he sells it shortly after the purchase is made. The exception that I said is trading activity.

The two types that you convey, the first is investment. Both trade.
What is the actual condition that your friend did that you want to tell.
Investing is different from trading.

[Kelvinid]

Trading and hodling Bitcoin is entirely different.

Trading is risky, so I will agree to you that your friend must prepared himself well before engaging in trading, since it is not easy as it sounds. It requires a lot of knowledge about price chart prediction and how to read them to be able to make a technical analysis. Hodling on the other hand just requires time, and a lot of patient, because it's a game of waiting after buying in the deep.

Perhaps, it was necessary in order to earn, or else, we can be like those thousand investors who only just spend their money and gone after a short while due to the wrong investment. And in order to avoid this, we must have to invest time in studying the market behavior and how it works as we can't just underestimate the volatility of the market and it was advantageous on our side if we have an idea of how to play with it. We don't have to take it easy but rather be focused on our goal and most of all, if we wanted to succeed must also trust ourselves.

[posi]

though I feel bad about your friend losing his money through trading Bitcoin, but I think he's foolish to sell his property and use the money to buy Bitcoin and trade without any knowledge about it. the dude literally wasted his money because he got too greedy when he heard about "high profit" when trading or investing in Bitcoin. glad the friend is doing well though(at least according to your post).

I did not blame him that much. because he hard about Bitcoin at the first time and the benefits and gain on it, why trading it. Normally trading of Bitcoin give money if you know what you are doing. he loss huge amount of money because of Bitcoin, but I thank God today, his also gaining huge amount true Bitcoin.

From what you said, I have a feeling that you make money from bitcoin trading pretty easily. Honestly, I don't see many people who can make money from trading let alone make a huge amount of money. It sounds simple, but entering the trade and making a profit is not as simple as you are saying.

And you're saying, he made that huge amount of money back after losing it all? I wonder, how much time did you and your friend spend doing it?
You are confusing me more with your story. How can a person after selling his property and losing it all because of bitcoin trading, but then suddenly he can earn back a huge amount in bitcoins?

[shivansps]

What did I just read? After such an article, there is usually an advertisement for very cool courses "How to become a cool trader from zero in 5 minutes and earn $ 10,000 every day."
Seriously, how could he lose all the money by investing in bitcoin, he could lose a third of his invested money or half, but how is it to understand that he lost everything?
When he lost all his money, why did you tell him that he should wait for the price to come back? After all, anyone who has even heard a little about bitcoin knows that investing in bitcoin loves patience.
A very interesting story, if it is true. There was a friend, he sold everything he had, lost all the money, but then I explained to him how to trade correctly and now he is doing well. Can you tell us this secret?

[shivansps]

Trading and hodling Bitcoin is entirely different.

Trading is risky, so I will agree to you that your friend must prepared himself well before engaging in trading, since it is not easy as it sounds. It requires a lot of knowledge about price chart prediction and how to read them to be able to make a technical analysis. Hodling on the other hand just requires time, and a lot of patient, because it's a game of waiting after buying in the deep.

Perhaps, it was necessary in order to earn, or else, we can be like those thousand investors who only just spend their money and gone after a short while due to the wrong investment. And in order to avoid this, we must have to invest time in studying the market behavior and how it works as we can't just underestimate the volatility of the market and it was advantageous on our side if we have an idea of how to play with it. We don't have to take it easy but rather be focused on our goal and most of all, if we wanted to succeed must also trust ourselves.

In general, you are right and I agree with you that sometimes you have to fail a lot in order to succeed and many people stop working and think that it is none of their business. What the author described is a very interesting story. This story speaks of the enormous risks that a person is exposed to when he invests money but he does not have knowledge, experience, skills, but he has confidence.
The man heard that someone got rich on bitcoins and he thought that he could also. We must never forget what can happen if you invest money without basic knowledge

[Lorence.xD]

though I feel bad about your friend losing his money through trading Bitcoin, but I think he's foolish to sell his property and use the money to buy Bitcoin and trade without any knowledge about it. the dude literally wasted his money because he got too greedy when he heard about "high profit" when trading or investing in Bitcoin. glad the friend is doing well though(at least according to your post).

I did not blame him that much. because he hard about Bitcoin at the first time and the benefits and gain on it, why trading it. Normally trading of Bitcoin give money if you know what you are doing. he loss huge amount of money because of Bitcoin, but I thank God today, his also gaining huge amount true Bitcoin.

From what you said, I have a feeling that you make money from bitcoin trading pretty easily. Honestly, I don't see many people who can make money from trading let alone make a huge amount of money. It sounds simple, but entering the trade and making a profit is not as simple as you are saying.

And you're saying, he made that huge amount of money back after losing it all? I wonder, how much time did you and your friend spend doing it?
You are confusing me more with your story. How can a person after selling his property and losing it all because of bitcoin trading, but then suddenly he can earn back a huge amount in bitcoins?

Actually pretty confusing because it's not that easy to most people to recover from a huge loss, some wouldn't even risk for once after losing a huge amount of money. It would take a long time to learn from that mistake because you can't rush to learn something that fast especially crypto since it's pretty complicated that you'll have to familiarize yourself. If your friend risk all of his property just to recover his loss then good for him but that's a huge risk so in your case OP, it's pretty confusing. Trading is much more complicated and riskier but more quick than in investing if he risk it all then good for him he profited.

[someone703]

Futures trading is really risky, especially when using high leverage. With the use of high leverage, although there are attractive profits, there is also the risk of losing money quickly. Even with attractive returns, it can also lead to rapid loss of money if not managed well.

Whereas Spot Trading and holding the coin can be a safer way to face market volatility. Holding Bitcoin can be profitable in the long run, but it takes careful planning and doesn't let yourself get too greedy.

[noormcs5]

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 you have lack of knowledge, and you invest blindly in Bitcoin, of course, you will lose money. Even if you do not trade with crypto, still if you buy bitcoin near its all time high, then you will be carrying the bag of bitcoin for the next cycle and you may have to wait for a few years before the price return to your buying price. Most of these inexperienced persons will sell their bitcoins in the loss and later claim that they have lost money because of investment in Bitcoin.

Some people may be lucky if they blindly invest in bitcoin, and the bitcoin is near its low price and they will gain profit but it is better to first learn about bitcoin and then invest in it.