think before investing

[adpinbr]

On investment of bitcoin it has different phases and it sometimes you need to understand the moves of bitcoin between the years.
And investing on bitcoin is not a bad idea, the only things is that bitcoin is not really predictable, people may say it predictable but to me it only depends on what happened that affect the moves.
It may go higher or go lower.
It is left for you to study more and do what you think is right that you came up with, because I may tell you to invest but it not the right time.
In conclusion everyone should do there own research on bitcoin.

[Dr.Bitcoin_Strange]

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.

You are right, mate, although every aspect of crypto requires proper knowledge and experience, trading requires one to be really experienced and knowledgeable about the Trading idea or really be decisive about whatever their trading decision is. But holding is less risky in the sense that if one invests in Bitcoin and is patient enough to hold it for a long time, there's every possibility that they can make more profit. Some people think that trading is just more profitable, and after going into it, they just end up spending all their holdings on short-term trades for the sake of looking for a quick and short-term profit.

[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?

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.

In the cryptocurrency market, if someone wants to spend all their money it is very fast, but to earn money is not simple and not fast. So to be honest, I'm starting to doubt and distrust the OP's story, it's more like a made-up story. Even the top traders can hardly be sure of making a large amount of money in trading. But from what OP said, it looks like he was a savior for his friend for helping him get back those big losses. I don't believe what the OP said.

[Marvell1]

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.

OP's friend is not the first case, there have been many new people falling into the same situation because of their arrogance. They will only realize their mistakes and listen when they fail.

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.

Yes, it will take a long time for him to start again after losing everything, but as long as he doesn't give up, nothing is impossible.

For me newbies should avoid trading altogether, long-term holding is the best method for newbies. But like I said, newbies will be very greedy and won't listen to anyone until they stumble. They prefer to make money fast rather than waiting and that's why many newbies dive into futures trading or shitcoin investing without choosing bitcoin and holding it for the long term.

[Blitzboy]

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.

A person is not doomed to failure for all time just because they have a setback. Regarding the strategy used by your friend, each person has a different tolerance for risk. Some recover quickly, while others mope and pout. Your guy is braver than others if he's willing to risk losing his possessions in order to get it back. What about your assertion that trading is faster than investing but riskier? That's an oversimplification. Due to their ignorance of market dynamics, many traders lose out. So perhaps understand the nuances of both trading and investing before you express your comments

[MFahad]

Your friend is so innocent that anyone will tell him to follow this field and he will follow it. I know everyone is facing troubles in life but following everyone and don't know how to do it is not an act of wise man.

I think selling a property to make investment in that field which you don't have any information is a big mistakes which is done by lots of individuals because they desires to only get more money which is greediness as well as bad idea which cannot give you anything without regression.

[Hamza2424]

Your friend is so innocent that anyone will tell him to follow this field and he will follow it. I know everyone is facing troubles in life but following everyone and don't know how to do it is not an act of wise man.

I think selling a property to make investment in that field which you don't have any information is a big mistakes which is done by lots of individuals because they desires to only get more money which is greediness as well as bad idea which cannot give you anything without regression.

Hmm, I had replied to Op on the incident but still, I don't think a person who doesn't know the ABC of a market had enough passion and guts to sell the property for it to just take an entry for extra Bucks. At one point we can ay he is greedy but he cant be deaf or blind while investing in such a market.

Haha, No one can make me such impressed to invest in a place about which I do not have strong information even though he shows me the greed gardens of 100x profit on my investment because every investor takes the approach to make sure his funds should be safe first after that he thinks about the other profit like things. Seems like his friend was overexcited or more confident in somebodies else words.

[salad daging]

Hmm, I had replied to Op on the incident but still, I don't think a person who doesn't know the ABC of a market had enough passion and guts to sell the property for it to just take an entry for extra Bucks. At one point we can ay he is greedy but he cant be deaf or blind while investing in such a market.

Greedy he sees other people making big profits in bitcoin trading he is like stubborn with the belief that he can make big profits in reality we don't know how he will experience losses later, because he doesn't have any understanding in this field.
Let him feel or regret it later.

Haha, No one can make me such impressed to invest in a place about which I do not have strong information even though he shows me the greed gardens of 100x profit on my investment because every investor takes the approach to make sure his funds should be safe first after that he thinks about the other profit like things. Seems like his friend was overexcited or more confident in somebodies else words.

All the same before investing know everything that is needed, but he only believes the words of his close friends, he does not make his funds safer, while I always think about it, let only luck that can benefit not from any info he has.

[Mr.suevie]

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.

When it comes to trading, we are all talking about risk and every crypto enthusiast understands this atleast those that have given it a try. Trading is not something you can rely on especially when you have failed to gather proper knowledge about it, it would be very difficult and a little frustrating too because like you said one can lose a lot when trading. While an investment is not all safe too but that's if only you don't know what you are doing and many people fail to understand the whole logic thats behind a Bitcoin investment which can lead them to succeed.

[serjent05]

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 very very interesting! I read this from the beginners and help board as @OP created a topic there

Let me use this medium to retroduce my self again, I'm smartgoat. I have been on this forum for pass 6days now without knowing that, there is a place called beginners and help here. I'm here on this forum to learn, to know, and to succeed. I know nothing about Bitcoin, but I'm here to learn of bitcoins and to make progress on it. And for me to succeed here, it requires everybody to guild and direct me to learn and master everything about Bitcoin.

I know quite well that others who are professionals in Bitcoin acquired the knowledge of Bitcoin in the forum, so since other's have made it by learning and understand the technology of Bitcoin, I wish to have the same knowledge through your guidelines and directives. I need article's to read of Bitcoin and I'm ready to learn the things of Bitcoin.

@OP you are playing with us lol, how can you teach that person when you, yourself admit that you know nothing about Bitcoin?  So I am thinking that the story is made up...

Anyway, the reminders of thinking before investing is a good thing though.  We really need to exercise caution and observation before jumping into conclusion if the investment is for us, or if we have the ability to make our investment successful.

[AmoreJaz]

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.

When it comes to trading, we are all talking about risk and every crypto enthusiast understands this atleast those that have given it a try. Trading is not something you can rely on especially when you have failed to gather proper knowledge about it, it would be very difficult and a little frustrating too because like you said one can lose a lot when trading. While an investment is not all safe too but that's if only you don't know what you are doing and many people fail to understand the whole logic thats behind a Bitcoin investment which can lead them to succeed.

and if you venture in futures without prior knowledge, this is one of the easiest to liquidate your funds. so if you are just a beginner, better go for spot trading and see where will it brings you. this is why everyone should do their homework before jumping on this market. it may give you good profits but that is if you already know the ropes.

[Yamifoud]

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.

When it comes to trading, we are all talking about risk and every crypto enthusiast understands this atleast those that have given it a try. Trading is not something you can rely on especially when you have failed to gather proper knowledge about it, it would be very difficult and a little frustrating too because like you said one can lose a lot when trading. While an investment is not all safe too but that's if only you don't know what you are doing and many people fail to understand the whole logic thats behind a Bitcoin investment which can lead them to succeed.

and if you venture in futures without prior knowledge, this is one of the easiest to liquidate your funds. so if you are just a beginner, better go for spot trading and see where will it brings you. this is why everyone should do their homework before jumping on this market. it may give you good profits but that is if you already know the ropes.

Many people got to lose their money due to the wrong decision. Some got greedy and fall into futures trading thinking that it was okay and would give them huge benefits over spot trading. Yes, Everyone should know what is trading all about and knows how to choose the best place to stay. And most of all, we also have to consider our capabilities as trading is too risky. The moment that we know how far is our knowledge with trading, we also know what we are capable of.

[Qiubell5]

Investing does have risks. However, your friends can learn from their mistakes and think more carefully before investing. and knowledge is the most important thing before starting anything.

[Bazzu]

Your friend is so innocent that anyone will tell him to follow this field and he will follow it. I know everyone is facing troubles in life but following everyone and don't know how to do it is not an act of wise man.

I think selling a property to make investment in that field which you don't have any information is a big mistakes which is done by lots of individuals because they desires to only get more money which is greediness as well as bad idea which cannot give you anything without regression.

in investing, we really have to prioritize knowledge first, of course, so that there is no potential for greater losses, but in my opinion, sometimes experience makes a person more mature and learns from experience, like what op friends do in the end he can become a good investor and of course because in guided by op
finally op's friends know how to invest properly.

[Ever-young]

Investing does have risks. However, your friends can learn from their mistakes and think more carefully before investing. and knowledge is the most important thing before starting anything.

What do you mean by investing does not have risk?
Their is no investment in this life that entirely risk free, even Bitcoin is not risk free but to some extent it the risk is lesser compare to other form of investment (other crypto currency I mean) .
Knowing when to enter the market at the risk price, is a risk reduction, knowing how to safe keep your Bitcoin is also part of risk reduction, but when one don't know how to do all of this, then he might experience a greater risk why holding Bitcoin.

[landheer]

Investing does have risks. However, your friends can learn from their mistakes and think more carefully before investing. and knowledge is the most important thing before starting anything.

yes, investing does have risks and in my opinion it's not just investments that are risky, of course any business is also very risky.

yes, indeed knowledge must be prioritized, in BTC investment, and any business because in any investment and business without knowledge it will be difficult to make a profit.

but to be honest I was happy when the op taught his friends how to invest properly and finally the op's friend succeeded.

[Fuso.hp]

I don't understand how your friend could do such a stupid thing. Anyone who has the least idea about Bitcoin depends on how or who they decide to invest in Bitcoin by selling their assets. People usually lose everything by making such mistakes. Your friend doesn't have the least idea about Bitcoin investment so why didn't he discuss it with you before taking such a big decision when you already have a good understanding of various aspects related to investment. Maybe your friend should have thought this much before investing in a job I don't know anything about. Even if you have enough knowledge about investing, you should never sell your assets or house to invest in Bitcoin. The amount of money should be invested so that loss of money does not hinder your future progress.

[dothebeats]

I don't understand how your friend could do such a stupid thing. Anyone who has the least idea about Bitcoin depends on how or who they decide to invest in Bitcoin by selling their assets. People usually lose everything by making such mistakes. Your friend doesn't have the least idea about Bitcoin investment so why didn't he discuss it with you before taking such a big decision when you already have a good understanding of various aspects related to investment. Maybe your friend should have thought this much before investing in a job I don't know anything about. Even if you have enough knowledge about investing, you should never sell your assets or house to invest in Bitcoin. The amount of money should be invested so that loss of money does not hinder your future progress.

Perhaps OP's friend was too disappointed by the fact that it was not millions of money and assets but Bitcoin that was left for him. As much as I want to say that it was a stupid move, we cannot judge OP's friend as we are not aware if he/she has an any idea what Bitcoin is. Believe me or not there are people like that who exist, clueless about what Bitcoin is and the system. What we know is only what OP stated so let's not be too harsh. Granted we will not be doing the same, at least we are aware people like OP's friend exist.

[puloweh555]

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. 

Actually investing in bitcoin never loses or loses if you keep holding it and waiting for the new ATH later. But it can be a loss if your friend doesn't save the seed keyword properly, which if we forget we can't access the bitcoin wallet, apart from that I don't think there is anything to lose when investing in bitcoin.

Yes, everything we want to do requires basic knowledge, because without knowledge everything we do will definitely not run smoothly, including investing in bitcoin. At least we have to know how to store bitcoin properly by using a good wallet and knowing the purpose of bitcoin being created, that way we know the fundamentals of bitcoin. If we all understand this, I don't think there will be any more losses like what your friend experienced.

[cafter]

>> that was a very stupid move to sell property to invest in anything specially high volatility asset like bitcoin.

>> After selling property and losing all no can be happy after just learning about bitcoin, i don't know how your friend is happy after losing his property and without recovering his losses.

>> Once an incident like this was happened to me a lady asked me on instagram how to make money by bitcoin, the lady was so dumb and lazy to learn about bitcoin... she just knew that "bitcoin=money" she just knew the name "bitcoin". and didn't know anything about bitcoin asking me how to make money with bitcoin.