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Author Topic: Can a newbie make investment before learning?  (Read 619 times)
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May 15, 2024, 06:11:22 PM
 #61

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
I will not going to suggest any newbie to invest in crypto before learning because cryptocurrency trading is high risky, you can loss you all fund if you invest with out proper knowledge. Because even then if you want to invest on bitcoin long-term you have know at least the basic about it .

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May 15, 2024, 08:36:32 PM
 #62

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
will not going to suggest any newbie to invest in crypto before learning because cryptocurrency trading is high risky, you can loss you all fund if you invest with out proper knowledge. Because even then if you want to invest on bitcoin long-term you have know at least the basic about it .
I agree with you, all you said is correct. We are not supposed to be in a haste to invest, especially when dealing with Cryptocurrencies. It is best to have a good knowledge on what one is investing into, if it is Bitcoin or any Altcoin, which these Altcoins are very risky even to those who understand the market already then compared to a newbie who has no knowledge. If a newbie really wants to earn from cryptocurrency then he should first achieve some basic knowledge.
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May 15, 2024, 09:26:34 PM
 #63

I will not going to suggest any newbie to invest in crypto before learning because cryptocurrency trading is high risky, you can loss you all fund if you invest with out proper knowledge.
While I am going to suggest them to invest in Bitcoin only if they want to start. But it doesn't mean that they need not to invest to learning first. Every investor should be wise and that's what I am going to tell them to do. They need to DYOR.

Even it is with Bitcoin, they need to understand how it goes and how the market works for everyone. If they proceed to trading without that much understanding and idea of how the market works, they're just burning their money easily.

Because even then if you want to invest on bitcoin long-term you have know at least the basic about it .
I agree and I hope they understand it very well.

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May 15, 2024, 09:40:09 PM
 #64

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
Your subject-topic almost sounded like a question, until I read the whole thread.
Op, I normally do advice that people learn about Bitcoin before investing; There could be no harm in investing without having a pre-knowledge, but you'd only have yourself to blame should anything happen as a result of your ignorance.
Does it cost you alot to learn about something you wanna invest in? No! Are you just being too lazy or more interested in the outcome, without giving a Fk to how that happens? Yes!

To be an investor in Bitcoin, you do not need to know higher mathematics. Learn to use a wallet. The Electrum wallet is very convenient for beginners.
Electrum was a great deal when I started using wallets  Smiley
TW was all I knew and, that's way simpler!

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May 15, 2024, 09:46:51 PM
 #65

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
some people is not trying to learn bitcoin very well because I know quite well that if you brought out time to learn Bitcoin within interval of 2 months you will be able to understand the procedures of Bitcoin many people who lost for bitcoin investment is the people what does not exercise a patient and is also people who carry a negative information of Bitcoin when the loss in Bitcoin investment, it is obvious and understanding now for you to learn bitcoin and master it very well you must make a research and the even the community alone can give you another opportunity for you to learn bitcoin if you are observant

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May 15, 2024, 09:49:57 PM
 #66

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
some people is not trying to learn bitcoin very well because I know quite well that if you brought out time to learn Bitcoin within interval of 2 months you will be able to understand the procedures of Bitcoin many people who lost for bitcoin investment is the people what does not exercise a patient and is also people who carry a negative information of Bitcoin when the loss in Bitcoin investment, it is obvious and understanding now for you to learn bitcoin and master it very well you must make a research and the even the community alone can give you another opportunity for you to learn bitcoin if you are observant

Not only with bitcoin but in any type of investment as well.
In any form of investment, you will need to understand what's going on about it.
If you will jump without prior research or at least brief study about it, you will likely lose your funds without a battle.
So crypto or not, better make sure you are doing your due diligence as it is your money on the line.
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May 16, 2024, 06:01:57 PM
 #67

You clearly are a very newbie indeed for coming up with such a post that sounds rhetoric or should I say you just need the attention.
Why should someone without a proper investment knowledge, invest their hard earned money and hope to make profit, before they then learn about what they have invested in and hope to invest more, make more profit and become a professional all of a sudden?
It makes no absolute sense, infact how does the learner acquire the investment and keep it safe before they learn how to?

You attack him like the question he asked is absolutely stupid. I agree that his post could have been placed better, but the question he asked is a legit question. A lot of people invest in what they don't understand and it's not just in bitcoin. People invest in different things when they don't fully understand it, foreign exchange, stock etc and this is what makes people fall into Ponzi schemes. If they took their time to understand what they were getting into before going into it, they would have realised that it's a scam.

The thing is, Ponzi schemes won't let you understand it because that way they'll be caught, so they'll preach to you that the more you wait the more you lose an opportunity, bitcoin isn't so. There's no point to rush. Bitcoin is not going anywhere. Don't be pressured to start investing. Don't make your decisions based on FOMO. This should apply to every other investment. Have at least the basic understanding of of whatever you want to invest in.

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May 16, 2024, 06:49:45 PM
 #68

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
as a newbie I think that is good to learn first before you make your investment, because investment is a risk and you have to know the kind of risk you will take before you invest, sometimes we do allow people to make use of intelligence by deceiving us, as someone who is amateur in any investment of different kind, have to make a research knowing that its finance we do use for investment and we have to know the concept very well before we invest on it.

Sometimes we don't make research and also observe people who is already in existence in that investment aspect we want to establish, investment is something you have to take your time to know the foundation of it, because if you fail to know the rules and regulations of it you will not accelerate well.

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May 16, 2024, 07:40:46 PM
 #69

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Before you invest, make sure you accumulate more knowledge first, if you invest before you seek for knowledge, then you will end up falling in the wrong hands and you will be scammed. Bitcoin investment is not what you are suppose to rush into, always take your time to learn about bitcoin investment, if you are in rush to invest, then you might be losing your money at the end. Cryptocurrency is not what you should rush into, having the appropriate knowledge before investing, is just the best and after investing, you have to keep on learning to keep yourself updated.
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May 16, 2024, 10:07:22 PM
 #70

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
Experience is an important factor for any person, an experienced person can be more successful than an inexperienced person at any job. An experienced investor and trader can always pay attention to the issues of loss, but an inexperienced investor and trader cannot pay attention to the issues of loss and if he does not know the issues that must be paid attention to in doing that trading, then he will definitely face losses. So, a new trader must learn the basics of trading before trading, then if he is experienced, he can trade.

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May 16, 2024, 10:20:15 PM
 #71

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
This is very important, you must first understand what you are actually investing in, you must understand the ins and outs and also the price history of the asset.  i am still continuing to find out about Bitcoin and its development possibilities, this makes me feel comfortable with the money i put down to buy Bitcoin, just basic knowledge is actually really good, it's just that many people are lazy to do the research.

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May 17, 2024, 03:29:15 AM
 #72

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie

learning while walking is good but your journey will be very difficult, the point is that you have to be willing to work harder and extra to make your goals achieved, if you want to learn about bitcoin or investing in crypto then you can look for it on YouTube or articles that touch on that.

I was also a beginner at the beginning, but with consistent determination, I managed to at least understand the basics of Bitcoin and its price history, it was quite an exciting journey starting knowledge in crypto from zero.

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May 17, 2024, 03:34:18 AM
 #73

If that is what you are discussing and asking, it will be very useful for other beginners, the world of investment has very interesting components to learn and don't rush into it. Bad things happen to weak people. Weakness here is not physical but knowledge of what to do and the risk here is that if we make a mistake we will lose our money.

Now. Anticipating this, it's a good idea to learn the basics first and even if you really want to invest and trade, it's best to use a small amount of initial capital where the risk of failure is not too much and you'll quickly find the gap. Another option that is best is to invest long term if you are ready.


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May 17, 2024, 05:18:54 AM
 #74

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
If the goal of the beginners was only to invest in Bitcoin, I think there would not be so much time that the beginners would need to spend to increase their knowledge. Unless these beginners are people who really don't know about Bitcoin or how to buy Bitcoin in the market, it is clear that they still need more time to learn. But if it's just for investment, they only need a few things that they have to learn and these include how to buy Bitcoin on a well-known exchange and how to store it in a wallet that is considered safe by many people. Apart from that, they only need knowledge about Bitcoin and knowledge about how to see better market moments in order to increase their enthusiasm in investing in Bitcoin.
Natalim
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May 17, 2024, 06:53:51 AM
 #75

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
Nobody gets scammed if nobody are able to believe in huge rewards for doing nothing. Sadly, because of greediness some people take the bait and fall into this kind of trap. Even if you had knowledge about cryptocurrency, it doesn't mean you are safe, we never know their mind because many intelligent people fall into their hands as well due to promising offers.
But at least having some ideas about how this works, will save others who are not greedy.
It is not just like we need it but it is a must if we want to grow up and reach our goal. As we take responsibility for our investment, therefore, it is our well to do it otherwise, never consider ourselves as an investor.

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May 17, 2024, 06:56:41 AM
 #76

As on my own opinion alot of newbies have fallen in to hand of scammers because of their insufficient knowledge about Bitcoin so therefore it take a high risk to make an investment when you yet to understand the Bitcoin investment to avoid been scammed of your hard earnings
Take your time learn and implement before you inter market or make any investment as a newbie
If the goal of the beginners was only to invest in Bitcoin, I think there would not be so much time that the beginners would need to spend to increase their knowledge. Unless these beginners are people who really don't know about Bitcoin or how to buy Bitcoin in the market, it is clear that they still need more time to learn. But if it's just for investment, they only need a few things that they have to learn and these include how to buy Bitcoin on a well-known exchange and how to store it in a wallet that is considered safe by many people. Apart from that, they only need knowledge about Bitcoin and knowledge about how to see better market moments in order to increase their enthusiasm in investing in Bitcoin.

I totally agree with you on that, as a newbie is good to start with bitcoin investment because in bitcoin investment There are just few things you need to know, secondly the reason why newbies need to start up with bitcoin investment is because the risk that is involve in bitcoin investment is low compared to the risk in other coins like meme. and if you're investing in memecoin enough knowledge is required these are knowing the right time to buy/sell your coin, and also how you can go about those risk that is involved when investing in memecoin, and as well understanding the market very well.

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May 17, 2024, 09:39:33 AM
 #77

There are many who are attracted by various news, friends or close relatives who express their interest to invest, many new investors invest. Of course beginners should do research and judgment analysis before investing as there are thousands of coins in the market to invest in. However, there are many new investors who understand Bitcoin and invest in cheap coins in the hope of getting a higher price. The bottom line is if you want to invest then definitely invest in all those coins, analyze all the coins, give time to understand the movement, understand where the price is going or where it may go. But I think if someone now invests before understanding bitcoin ethereum coins then I don't think he will be at risk, as it is a long term investment here investors will definitely get time to learn about the coins.
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May 17, 2024, 12:31:22 PM
 #78

 -Can a newbie make investment before learning?

Investing in Bitcoin is not as easy as we think, therefore, it is not, newbies must know their priorities first before making a move so they will never find it regretful, and then no way to blame the market for their stupidity and rush. Learning first is hereby encouraged not just to have an idea of what is this all about but for the reason that investing without knowledge is just like we are throwing our money -- a waste of time either.

We don't need to spend a lot of time doing this but at least, we have an idea of how these things work as we can't invest like gambling. But we did this for the goal of success, not failure.

 


Filippo Spina
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May 17, 2024, 02:12:56 PM
 #79

You're asking a really good question.

Answer is hard no in my opinion, because currency is so vital to your lifestyle and success. If you're uneducated about where you put your money, it's like putting it in the trash. Would you put currency in the trash? Heck, no!  Grin

Even with bitcoin, an investment more secure than real-estate, because an uneducated bitcoin investor is just gunna end up wasting those coins with dumb-ass decisions.

But then again, a newbie just wants to survive and thrive. A newbie just wants to win. If you invest without learning, it's natural bro. You just want something and that's ok too!

Good luck, ok?

<3
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May 17, 2024, 08:41:17 PM
 #80

Those who refuse to learn before investing will definitely end up learning the hard way. It is safe to learn first so you can be able to make inform decisions.
I remember my very investment in BTC, because I refused learning before investing, I ended up running into trouble that cost me my money.

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