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

[Iranus]

You might invest along side with other people if you are interested. And all what you have to know or do is to know what you are investing in. You have to know the price you bought the coin at the moment and plan a day, a week or a year to sell your coins and when the time comes, and the price is still low then you extend the selling date to another time to see if the price will increase.

Bitcoin is not a coin that if you follow someone to invest then you will lose, I disagree with that but a careful plan can make you an happy investor among others. Always learn from your mistakes and from others. Always ask questions.

Bitcoin is just an investment asset like many other assets like gold or real estate, and whether you win or lose investing in it depends on you, not on bitcoin. You will still lose money, even lose all your money when investing in bitcoin if you only invest according to others and have no knowledge about it. Bitcoin is not responsible for ensuring your safety or profit, it all depends on your ability.

In the long term, bitcoin will always increase in price, however there will be unpredictable fluctuations in the short and medium term, and without knowledge you will not be able to face and overcome those challenges. Don't be naive that investing in bitcoin will never lose money.

[AnonBitCoiner]

True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

It's not a good idea to copy others in any field of life therefore one has to accept anything according to his own desires. There are people who are totally following others and they invest that percentage of the amount which is selected by other investors too.

Every individual has different conditions, different thoughts, different ideas and different percentage of money but you do not possess the same qualities all the time so before copying others try to visualize the terms and condition and don't forget that risk is also very high which will be overcome by another person due to knowledge but you will hardly find a solution if you have no knowledge.

[Awaklara]

True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

It's not a good idea to copy others in any field of life therefore one has to accept anything according to his own desires. There are people who are totally following others and they invest that percentage of the amount which is selected by other investors too.

Every individual has different conditions, different thoughts, different ideas and different percentage of money but you do not possess the same qualities all the time so before copying others try to visualize the terms and condition and don't forget that risk is also very high which will be overcome by another person due to knowledge but you will hardly find a solution if you have no knowledge.

In fact, it is legal for anyone to do it. There is also no prohibition on following other people's behavior in investing in Bitcoin. it's just that everything has to be prepared first. including knowing and being ready to accept the risks.
the most important thing is that his understanding of Bitcoin and investment is formed first, and everything will be fine.
because often when you are hanging out you will talk about whatever you are doing and if you tell a story related to Bitcoin and it interests your friends, don't hesitate to tell them.

[leonair]

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

Always do your own research before investing not only in Bitcoin but anywhere. but since Bitcoin is creating a hype these days and is an investment asset of everyone's choice, it is only natural that it will be discussed. and Bitcoin has now become such a potential thing that without researching for a long time, if you invest only with a long-term investment in mind and hold it for a long time according to the plan, you can definitely get profit from here.  So no one should have any fear to invest in Bitcoin. But yes there is definitely risk here and everyone should accept this risk and invest in Bitcoin

[serjent05]

You might invest along side with other people if you are interested. And all what you have to know or do is to know what you are investing in. You have to know the price you bought the coin at the moment and plan a day, a week or a year to sell your coins and when the time comes, and the price is still low then you extend the selling date to another time to see if the price will increase.

True! We can really invest because we see people investing in it but if one is investing because they are swayed by other people's investment without understanding the market then we might end up one of those people who have weak hands.  Being shaken the moment the Bitcoin market taken a dip.  It is very different when a person invest on a venture because they fully understand the market and the potential it has than just investing because my neighbor is investing on it.

Bitcoin is not a coin that if you follow someone to invest then you will lose, I disagree with that but a careful plan can make you an happy investor among others. Always learn from your mistakes and from others. Always ask questions.

We all know that we incur losses in our Bitcoin investment if we sell at a lost.  But as long as we hold our BTC, no matter how the price dip, we don't lose anything.  Whether an investor lose or not depends on when he sells his BTC.  So following others or someone to invest in Bitcoin may or may not incur us losses depending on when we sells our BTC.

It's not a good idea to copy others in any field of life therefore one has to accept anything according to his own desires. There are people who are totally following others and they invest that percentage of the amount which is selected by other investors too.

It is good to have originalities but when it comes to a successful trading ventures, it is good to have some guidance and if possible copy successful strategies in order for us to avoid losses. After all if we are able to copy the strategy of successful traders, it can give us many benefits.

[hd49728]

Bitcoin is just an investment asset like many other assets like gold or real estate, and whether you win or lose investing in it depends on you, not on bitcoin. You will still lose money, even lose all your money when investing in bitcoin if you only invest according to others and have no knowledge about it. Bitcoin is not responsible for ensuring your safety or profit, it all depends on your ability.

Only the losers will blame their losses and mistakes in investment or trading to any asset. The winners think different and they are responsible for their strategies in trading, investment and their decisions so they don't blame their loss on Bitcoin. If they get loss, they will sit down, analyze what they did to cause the loss and will try to adjust their strategy to do better in future.

In the long term, bitcoin will always increase in price, however there will be unpredictable fluctuations in the short and medium term, and without knowledge you will not be able to face and overcome those challenges. Don't be naive that investing in bitcoin will never lose money.

So far through 15 years since 2009, Bitcoin has very high impressive ROI and I believe it will continue to be one of best investment asset in future, especially against global inflation problems from governments and central banks.

https://casebitcoin.com/charts#roi_chart

[Skfox]

As we all know, everything should be done by choice. Investing because people are doing so or because you are being influenced into investing in bitcoin is not good for any investor. You shouldn't allow yourself to be influenced or investing because people are doing so, following the crowd may be a lucky step for you in terms of making profit but most times disastrous.

It is best to understand or have a good knowledge about bitcoin before investing in it. Knowing about bitcoin investment completely with make u fully equipped, knowing the best strategy to use and also make you good in decision making. Even after knowing about bitcoin very well, it remains your choice to invest whenever you want, it is your money and you alone knows how hard you may have worked to earn it so you make sure your money is going the right way. Never do anything because people are doing it because it always end badly.

[GbitG]

Always do your own research before investing not only in Bitcoin but anywhere. but since Bitcoin is creating a hype these days and is an investment asset of everyone's choice, it is only natural that it will be discussed. and Bitcoin has now become such a potential thing that without researching for a long time, if you invest only with a long-term investment in mind and hold it for a long time according to the plan, you can definitely get profit from here.  So no one should have any fear to invest in Bitcoin. But yes there is definitely risk here and everyone should accept this risk and invest in Bitcoin

That's true but people need to understand that it's not only for the risks involved but one needs to know and understand something very well before they go ahead and make investments in it because it is important. I can't imagine choosing something and making investments in it when I don't even know it well, I don't know what it is, how it works, what is its history, etc. This is why, those who are getting into this industry, even if they are making investments in Bitcoin, must at least do some research about it before they do that.

The things about short-term and long-term loss or profitability are known to us because we know the history of Bitcoin, we have been in it for years to have this knowledge, but someone who is new in it wouldn't know all these things, so they will have a hard time making decisions and if they are in a rush, they might make the wrong decisions.

[Victorik]

That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.

What does it mean that your "investment is way below the minimum withdrawal"? You invest on a platform and not with BTC I guess.

But going on with the details about investing just because others told you to do so. It's a wrong idea of investing, you invest because you have learned about it and carefully did your research before you've made decisions to invest.

Many still does it the wrong way and thinking of it as if they're going to gain even if they go to the shortcut way of investing in BTC or with any other cryptocurrencies.

The investment was on hashflare.io, a crypto cloud mining site.
I bought a package I think, and later I got to know that there was a minimum withdrawal threshold which was way higher than my available balance.

[Victorik]

That is true. I remember my first investment in BTC many years back, a friend actually persuaded me to invest in it. He literally did everything as I had zero idea what BTC was, but I didn't want to make him feel bad, so I obliged. I can tell you that today that investment was a complete waste. I couldn't retrieve my investment because what I investment is way below their minimum withdrawal. Meaning I can't withdraw it.
If I had taken time to understand their terms, probably that wouldn't have happened, but it did happened because I lacked the right information.

That's it. People who invest having zero knowledge will end up in regret. Good thing that was just our problem because some individual had lost their money due to using the wrong wallet (fake) and scam sites.

The thing we have in our mind is not to rush from investing, we just do it once fully understand how it works and we believe in ourselves that we can do it alone. Whether you agree on me or not, that person who told you and encouraged you to invest will never take responsibility if ever you lose that is why you should know first how to take care of your money. And this is impossible if we don't have any idea about this and most it happens you sell in panic.

Yea..that was my very first investment in BTC. If I knew what I know now, I probably wouldn't have made that mistake.
I wasn't really keen on learning then, because my friend was willing to teach me, but I wasn't ready. Now, I have to bear the consequences of not wanting to learn.

[ChiBitCTy]

I have shared this story on here quite a few times, but I first found out about bitcoin back in 2013/2014ish, and I heard about it after reading some article in non-mainstream news.  Being a financial advisor who despises big banks, I was instantly intrigued and fell in love with the idea of a decentralized currency.  I then read Mastering Bitcoin and Digital Gold and studied it for an entire year before "entering the space". 

Make sure you invest in something you understand, that you have faith in, that you promote or would recommend for someone else etc...going in to any "investment" blindly is a risky proposition.

[Furious 7]

I don't think I fall into your category because I invested because someone else did it first so I followed them

I don't think it matters whether we invest in bitcoin just because we see other people or are persuaded by other people because in the end what I feel is when I have been in bitcoin and that becomes important because in the end not everyone who is in bitcoin because of other people follows everything that other people say because if they are serious they will definitely study it seriously which in the end will lead to confidence that our choice is not wrong.

Indeed, the ideal is that we have to learn first before actually starting but on the other hand if indeed we know from others and the person has done it first then I think it doesn't matter that we follow while continuing to do research and learning about what we are doing.

[Distinctin]

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

Always do your own research before investing not only in Bitcoin but anywhere. but since Bitcoin is creating a hype these days and is an investment asset of everyone's choice, it is only natural that it will be discussed. and Bitcoin has now become such a potential thing that without researching for a long time, if you invest only with a long-term investment in mind and hold it for a long time according to the plan, you can definitely get profit from here.  So no one should have any fear to invest in Bitcoin. But yes there is definitely risk here and everyone should accept this risk and invest in Bitcoin

Yes, prefer to research first before investing. Knowing anyone can lose in a risky investment, then never rush to invest but always make a good preparation and a long term planning until you are confident enough to take the risk and invest. Don’t just copy the investments because your idols are doing it , they have a lot of money so they won’t hesitate to invest and make a second thought. But as a small investor like us, research first before taking such risk.

[nurilham]

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

It is good if you do a research first. It is a must to do for every investor because investing in crypto is risky. Even we invest in Bitcoin, we must analyze when the right time to buy and to sell. If we choose the wrong time, it can make us difficult to take profits. We also need to know the possibility of the peak of Bitcoin price. So, we don't too high to set the selling price.

the first time I invested I did not follow anyone step rather I do follow the research I made before I invest

It is not recommended to follow other people ways. Just ensure to have own ways. Even if people can succeed with their ways, it doesn't guarantee us to succeed as well. You've done the right way if you are confident with your own way.

in summary invest when you want to invest, don't follow the crowd but follow your instinct

Of course, why we invest if we have no intention to invest in Bitcoin? 
It is not a must to invest in Bitcoin! When we decide to invest in Bitcoin, it must be based on own intention.

[oktana]

True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.

[Wakate]

True. I’ve seen people who are willing to invest their life earnings because someone is investing a lot of money but they fail to understand that the person who they follow their footsteps may have even more money as a backup plan. Just because it’s Bitcoin and has risen so unbelievable doesn’t mean it’s 100% safe for investment. If you must invest, know the risks, and do it at your own pace.

This is the danger of following what is trending and not doing research first. Many of them suffer losses because they are influenced in this way. Usually those who are affected are people who are new to the world of cryptocurrency and hope to make profits quickly and want to be proud of the results they get. So in the end it will only make it easy for us to be fooled by other people and end up losing the money we use for trading.

It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.

Sometimes, even though we are following the crown it is good we understand some certain reasons why we are following the crowd. We should not be surprised about what is happening currently especially in the crypto market seeing the price of Bitcoin moving downward which looks like a discouragement to some investor that would have taken the opportunity to buy and hold more that what they are holding because of markwt uncertainty. It is good we make money enquiries and understand why we are investing and for how long we have planned to invest in the crypto space so we can sell the holdings and use the funds for something else we really want to do.

[ancafe]

It is really sad to see because if you ask how most of the people got to know about Bitcoin and what Bitcoin can do, they’ll be focused on telling you how it could go from under a cent to a lot of money (which isn’t bad to say), but this isn’t the first impression that Bitcoin would want. Some people don’t even know it’s a currency. It’s an investment to them because that’s what they learnt.

There is a reason why people can get stuck with this problem and this is due to the lack of knowledge that makes them have an idea about bitcoin. Bitcoin has an opportunity for people to reach a stage of financial freedom and although I don't agree people say bitcoin will provide quick wealth. Bitcoin is independent and does not require a third party for investment because this is what makes some people feel comfortable investing.

Don't get caught up in what people say because the most important thing is how we can learn it. Make efforts that can be implemented and try to think in a much more developed way because if we don't start today then we have to do something else in the future. Bitcoin can be used slowly for investment and not pushed beyond the ability to be responsible.

[atookz]

Yes, maybe you are right, if you want to invest, especially in Bitcoin or Crypto, you should avoid FOMO because it can be detrimental. FOMO causes someone to try to enter the world of investment, including crypto asset investment, without ever delving into the ins and outs of this digital asset. Thus, this attitude ultimately has a bad influence on someone who does it because they don't have a plan and knowledge so it can cause losses. So it would be better to do research first before investing, this will sharpen your instincts too.

[Bravut]

As we all know, everything should be done by choice. Investing because people are doing so or because you are being influenced into investing in bitcoin is not good for any investor. You shouldn't allow yourself to be influenced or investing because people are doing so, following the crowd may be a lucky step for you in terms of making profit but most times disastrous.

It is best to understand or have a good knowledge about bitcoin before investing in it. Knowing about bitcoin investment completely with make u fully equipped, knowing the best strategy to use and also make you good in decision making. Even after knowing about bitcoin very well, it remains your choice to invest whenever you want, it is your money and you alone knows how hard you may have worked to earn it so you make sure your money is going the right way. Never do anything because people are doing it because it always end badly.

To sum it up, invest in what you dim fit, not because of influence or financial bais. Once you have the right knowledge, weighing the prons and cons of such investment and you have the necessary financial requirements with you accepting the uncertainties that follows and you dim it right, you can go ahead.

But we must understand that, we can't invest in everything neither what favour others will do same, it a matter of self-evaluation, and readiness in alignment with the knowledge about the investment, this is all we need and careless about the noise and influences.

[Fiasem20]

When I see people following the crowd to do whatever without getting to know anything or how it works just make me feel like they confused.Bitcoin investment isn't an investment for those who have the goal of making quick profits,so with this information and other informations on how the Blockchain network works I think it would be right from the investor to start accumulating instead of following the crowd.