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Author Topic: Don’t or blindly totally trust an expert in bitcoin or any other investment.  (Read 280 times)
SmartCharpa
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Today at 03:22:33 PM
 #41

My Niger people if someone who is an expert or very knowledgeable in a particular investment or business should introduce that investment or business to you, it’s wise to do your own research before committing money or time. No matter how trustworthy or an expert the person is,
you need to.

1. You need to understand how the thing you are investing in works.
I will advise anyone not to invest in what they can’t explain in simple terms.

2. You need to confirm or verify if actually what the person told you concerning the investment is realistic.

In conclusion you need to understand that even genuine experts can be wrong too.
Expertise increases the chance of good advice, but it does not eliminate risk.
The best thing na to combine respect for the experts knowledge and your own independent due diligence.

Na why e dey very good make person dey do him own research before putting money or effort into something that has a risk. Someone telling you that Bitcoin is this and that does not mean they have any control over it. They are also investing because they believe in its future as well. Some people dey too lazy to do their own research. If any of their guy comes to them and says this so so thing dey pay, na so you go see some people put their money into it without any proper research first.

E get some people wey go push you into something just for their own benefit. You fit trust them and believe they are telling you the right thing to put your money into, but they might be doing it for their own interest. If you join them, dem fit get their own share if you invest. We need to dey very wise because the way youths of nowadays are eagerly looking for ways to make free money, something will get scam.

R


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Today at 04:03:32 PM
 #42

Investment should be everyone's own decision. Because the person whose advice you are listening to and wanting to invest or expressing interest in investing may be capable enough to invest from his own position and he is investing from the extra money after meeting all his needs and at the same time is preparing risk management. As a result, even if he loses money, his life is not affected. Therefore, before making an investment decision, you should compare these things with yourself that do you also have a sure income path from which you are sure to continue investing regularly. After fulfilling all the responsibilities, you have extra money and risk capacity. Before investing only from the expectation of profit, you should compare your own ability and management with others. This is where many investors make mistakes. It is helpful to take advice from a successful or experienced investor. However, critical thinking and risk assessment decisions should be made on your own research, rather than blindly following anyone.

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Today at 05:25:15 PM
 #43

An expert is someone who has an in-depth knowledge about his area of specialty. If an expert is recommending something like investment opportunity to you, the person want you to grow. All you have to do is ask questions were you are not convinced and seek for more clarification were necessary. If we can’t believe an expert who has been successful in the line of business and has been on that path for a long time, I wonder who else we should believe in.

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Today at 05:43:01 PM
 #44

My Niger people if someone who is an expert or very knowledgeable in a particular investment or business should introduce that investment or business to you, it’s wise to do your own research before committing money or time. No matter how trustworthy or an expert the person is,.

How about sometimes, we just learn to say NO, rather than even waste time to (DYOR), when you can actually channel same energy to other things. The thing is, a lot of us are easily triggered to investment opportunities, that we can't just resist whatever people have to say. Of course, making money and catching on opportunities is not bad, but the majority of the supposed experts/opportunity creators are literally pushing for their own success rather than for the success of others. Life changing opportunities doesn't come in a platter of gold. People are far more interested in keeping good opportunities to themselves, while finding ways to take advantage of others in different ways.

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Today at 05:46:10 PM
 #45

Those who have blindly believed in anything in life have been defeated in some way. Whatever your work or your own prediction, it is always better to make your own prediction and it is better to do your own work. You should never be satisfied with the predictions made by others or the work of others. I never do anything on the advice of others. I always give importance to my advice and my analysis first because I can analyze and take advice as well as I can. No one can be like me. So, whatever you do, you should always have faith in yourself and not blindly believe in others.

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