Don't invest in Bitcoin because others are investing in Bitcoin

[Cookdata]

When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

You should have change your subject or perhaps you complete it so that people will know the message your trying to pass, it look more like click bait.
I think majority of people that invested in Bitcoin today were all thrill by the performance of Bitcoin and what they have learned and hear from others, it's what motivated them so I don't see anything bad in buying Bitcoin because others are buying, those buying aren't fool right.

However, as Bitcoin maximalist it's a very bad idea to buy something you know noyhing about, not just Bitcoin it could be anything. Understanding Bitcoin is very essential and it will save you from a lot of things like the security behind holding Bitcoin, not leaving yourcoin on the centralized exchange and understanding basic sending and receiving Bitcoin you have with you and also staying away from scammers as possible.

[Bravut]

Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take note of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.

[Maslate]

Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take not of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.

Exactly. Do not be influenced by the crowd or social media but have your own decision towards your certain investment. Know what to invest after you have done an extensive research, and not become blinded by what the people around saying and just go with the flow. Investing is never easy but risky, so you have to be more   cautious on what and when to invest, so you won’t end up getting scammed because you are investing without knowing.

[milewilda]

Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take not of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.

Exactly.

But surprisingly there were people who do still end up on committing on the same mistakes not only once but twice on which they cant really be able to resist on hearing out about others opinions and advises and do really tends to follow on whats been said and there are people who never ever do make out that kind of learning until they would really be losing it all on which this is something that they should really be realizing as early as possible. This is why it would really be better that you should really do make out those kind of realizations and would be able to adjust accordingly and think up well on how you should really be acting it out.
Invest at your own risks and never ever listen out on others recommendation because its your money that been used and not theirs. So it would really be just that wise that you would really be basing up on the things
that you have analyzed and on the things that you have researched before you would really be making out that final decision. If it turns out to be that negative or loses then you wont really be having that kind of regret
because you do know that it was your decision or fault.

[Faisal2202]

When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

Well said, although sometimes following the crowd can also make you some bucks but following the crowd is very risky as the market becomes highly volatile. And in this volatility when you make some bucks in profit, you start to become greedy and you think you should hold onto your funds a little more in order to make more profit due to volatility a selling pressure comes and you start to lose the funds and then due to no emotional resistance in yourself, you starts to panic and then panic sell in the loss.

We do not even follow instincts because instincts are based on luck its close to gambling where we don't judge the market first and we don't learn the TA and FA of the market to make the investment. And you used the term investing which I take as for long term (holding) and in holding the best investment strategy is DCA. You might have heard of it. And lump sum also comes handy when market is going down but many prefer to do smart DCA when market goes down.

[Obim34]

Well said. Prior research need to be done before investing your hard earn money into any financial asset. Following the Media, or crowd and getting involved  into investing in Bitcoin or whatever, like many have done and  regretting now due to loses and mistakes made. This is a clear guide of what everyone should take not of and ensure you understand what you want to get invest in and not from a standpoint of baits (beliefs, quick profits, friends,family) but from a stance of Readiness.

Exactly. Do not be influenced by the crowd or social media but have your own decision towards your certain investment. Know what to invest after you have done an extensive research, and not become blinded by what the people around saying and just go with the flow. Investing is never easy but risky, so you have to be more   cautious on what and when to invest, so you won’t end up getting scammed because you are investing without knowing.

Yes, OP made a good point but he could as well should have to deliberate more on the topic giving a wide insight to what he is trying to convey in his post.

We should understand that Bitcoin investment is not a competition or a die hard affair. Our most likely reason of investing in Bitcoin is for it to yield profits over time, now some persons are now over exercising the opportunity by investing very much of their funds, aiming at the higher the amount of Bitcoin held the much bigger the profits. This alone has shattered many persons financially because later on couldn't keep up with their daily living and would have to sell off their portfolio at a point even lower than what they invested as a result of funds urgency to solve live problems.

This is just a part of the simple knowledge everyone who desires to invest in Bitcoin should understand, so as to avoid certain repercussions that should have been avoided by a simple research before venturing into investing.

[Kristiyana]

I think before you do anything you're suppose to have at least a little knowledge about it, not just jumping into something that you don't even have any idea of, just because your friend always invest in bitcoin and you also want to invest without knowing that he has full knowledge about bitcoin investment, that's the main reason why most people end up losing their money. how can you expect profit to come when you don't even  know the strategies to invest, and also how to hold bitcoin,that is why is not advisable for someone to go into something that he don't have any idea of, so as to avoid losing your fund.

[Russlenat]

...

We mostly have to make decisions based on our personal reasons, not due to the reasons of others. Even like investment decisions too. There are people who invested in bitcoins because others where investing, these people because of their lack of personal reason of investing turn out to be weak holders of bitcoins. When there is a personal reason for investing, you become a more dedicated holder who has something to remind themselves with whenever there is the temptation to sell off investment. A personal reason is self-motivating.

If you are a responsible investor, you will never be carried away by what others are investing but you focus yourself in looking for investments in which that are of high utility and profitability based on your own profound research. That way, it’s less likely to fall on wrong decision making and future losses since you have done your prior examination on the project that you wish to invest. Hence, you know you are investing in bitcoin since it’s the right thing to do.

[OrangeII]

Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.

[Z390]

Most FOMO and panics in the crypto space come from people who lack knowledge about Bitcoin, they are the ones who belong to the hordes, and that is why they do not know when to take profit and when to buy.

They also fell into the category of people who like copying what others are doing, in fact, they will prefer to ask someone to make decisions for them or even tell them to help them invest in Bitcoin, laziness can be a part of the reasons too and most don't want to lose a dime before they gain profits.

Unfortunately, many people are like this, and for the few smart people it's a good thing, that is why over ninety percent of investors always fail, stop following the crowd and start doing things yourself, you will make mistakes as a beginners but thats it if learn from the mistakes.

[Viscore]

Yes, it is true. Don't invest just because it's hype, or people are talking about it. It would be very wise if we do research first. Many people fail because of this. They follow the hype too much and enter at the wrong time, so they only end up losing money. However, this does not apply only to bitcoin, but all types of investments. In-depth research, and decision making after that is the most appropriate thing to do.

The problem with people is that they tend to be more lazy when it comes to doing their own research. They prefer to ride with the hype instead, and just put their trust to those who have been successful with the kind of investment they wish to invest. That’s why a lot of newly investors didn’t make it to the top, because they never  make an effort from the start. And it’s only in the end they’ll realized that some investments may work for others but won’t work for themselves. Maybe their due diligence to exert bigger efforts within their preparation also matters a lot.

[lovesmayfamilis]

People often tend to do what others do out of fear of missing out. But they do not take into account either their financial capabilities or the knowledge that is necessary for this. I especially see young people who are always copying the actions of their more successful comrades, hoping in one way or another to be like them. Buying Bitcoins as an investment is also becoming fashionable, but those who do this not out of an instant desire inspired by someone else’s idea, but by carefully studying all the good and bad points, will definitely be more successful than other investors.

[pinggoki]

There's nothing wrong with going with the flow when it comes to investing, when something is popular, that's where you want to go because that's where the demand is, you don't do the opposite, that's the economics 101 if I recall. So nothing wrong if you invest in bitcoin if others are doing it because that only means that you're going to also be getting the value and benefit that other people will get when you invest in bitcoin, you don't want to be the sucker that would regret not investing and then whining about it in forums and message boards. This is probably the worst advice that I've heard of when it comes to investing, you don't reject something when you know that you're guaranteed to make a profit in the long-term.

[Zlantann]

There's nothing wrong with going with the flow when it comes to investing, when something is popular, that's where you want to go because that's where the demand is, you don't do the opposite, that's the economics 101 if I recall. So nothing wrong if you invest in bitcoin if others are doing it because that only means that you're going to also be getting the value and benefit that other people will get when you invest in bitcoin, you don't want to be the sucker that would regret not investing and then whining about it in forums and message boards. This is probably the worst advice that I've heard of when it comes to investing, you don't reject something when you know that you're guaranteed to make a profit in the long-term.

My father always told me to follow the trend of events to avoid missing out on viable opportunities. There is nothing wrong with investing in Bitcoin because it is now a popular investment among friends or on the internet. Nevertheless, it is important to understand how what you are investing in works. An example is that many people are buying Bitcoin because they heard that the halving will lead to an astronomical increase in the price of the coin. I have seen many people ask questions on the forum why the price has not increased yet. Many of them might become nervous and impatient because of the recent slide in price and might be forced to sell their coins at a loss. But a little study of how the Bitcoin market works would have enlightened them that we are heading for a bigger bull run.

[Essential10]

When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

I agree with you, before doing anything, be it any work, it should be properly analyzed and then action taken. I always try to do proper analysis before doing anything myself. Before investing in Bitcoin digital currency, especially those who are new, they should consider all the aspects before investing, the next objective. Many a times we have seen other people's Bitcoin success and rush to start investing in Bitcoin for profit but at some point when the price of Bitcoin goes down they lose patience and they face losses. I think that those who have or will invest in bitcoins can make a plan before entering the investment, which will make you successful in the future.

[Alpha Marine]

But if someone buy Bitcoin without learn anything, it's still a good choice if they didn't panic sell and can hold for long term. The biggest mistake that did by Average Joe is sell the coins when it doesn't move like what they expect.

Most times when people buy bitcoin without learning anything, they always regret it and that kind of ruins their bitcoin experience. I agree that people don't need to know all about bitcoin before investing, but everybody needs an idea of what they're investing before they invest, even if it's a good asset to invest in.
Before investing in anything it's good to have a solid idea of what it is. With bitcoin, it may not seem like too much of an issue because bitcoin is good to invest in, but when proper research is not carried out before investing in other assets or project, you'll easily fall into scams and lose money.
Research is very good. It prevents us from a lot of problems.

[Onyeeze]

When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

it is obvious from my understanding that cryptocurrency investment is a personal race so I believe that when you understanding the doctrine or the normal speculation and the method of Bitcoin you can fully invest on bitcoin without the help of anybody but the problem is that so many of us today do invest because of we see someone investing in Bitcoin and when we invest because someone is investing in Bitcoin not to make us to not the make a proper research of Bitcoin so I don't really like it situation whereby people encourage you to invest in Bitcoin when you have not carry out your own research to know if you're investment and that point in time will it be successful or not

[Abu-Naim]

When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

Investing on Bitcoin because others are doing is worth it; you don’t need to do extra research to invest in Bitcoin because of how transparent Bitcoin is for everyone who knows something about the blockchain technology. You can only do extra research if you want to invest in altcoins because they are centralized and can scam you at any time.
Before investing in bitcoin, make sure you know how to manage your Bitcoin wallets, how to send and receive and how to manage your wallet private key because if you lose your private key, your Bitcoin is gone forever.

[fuguebtc]

In general, I agree someone shouldn't only riding the wave without any knowledge.

Because they need to learn about the reason they want to invest in Bitcoin except the price, non custodial wallet, how to backup their seed phrase, choosing CEX or DEX and basic computer security.

But if someone buy Bitcoin without learn anything, it's still a good choice if they didn't panic sell and can hold for long term. The biggest mistake that did by Average Joe is sell the coins when it doesn't move like what they expect.

If they don't have the knowledge and invest in bitcoin by Fomo, how can they stop panicking, stop dumping and hold for a long time? Even if a bear market hits in 2022 and bitcoin is dumped from $69k to $15k, many long-time investors will still feel a bit panicked. So you can't expect investors without any knowledge to hold on to their bitcoins tight and not dump them in a panic.

You are confident and can hold bitcoin today thanks to your understanding of bitcoin, but if you do not have knowledge about it. I bet you will soon be selling bitcoins in a panic, let alone everyone else. No success or wealth will come to you if you have an empty head, don't think that you can get rich with bitcoin without knowledge.

[m2017]

When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct

There is a well-known expression “go against the crowd”, that is, one should not be subject to the instinctive actions of the crowd. Masses of people buy - you sell, masses of people sell - you buy. This behavior strategy is not new.

But following your instincts? This is something new. In the case of investments, I would try to adhere to cold calculation and sober reason, rather than instincts. Masses of people, following their instincts (greed, fear), make erroneous and unprofitable investments.

The rest of your message is clear. Think, analyze and make decisions with your own head, without being influenced by the media and people around you. You can shorten your post like this.